Welcome to my blog. A lot has changed since I started this thing. I'm now trading live after about a year of paper trading and studying. Originally I had planned on starting part time and slowly growing my account but life has a funny way of changing your plans. I found myself at a crossroads of sorts and quickly realized that I was being given a once in a lifetime opportunity to pursue my goals. I took the leap and I'm not looking back. Follow me here and see the triumphs and the losses.

Updated (08-10-16)

I tend to look for momentum trades that I can hold for anywhere from a few hours to a few days. I usually take positions of $5k to $10k in size to allow larger gains on smaller percentages (it's easier to hit a 1% to 5% gain vs a 10% to 20%+ gainer) and I like to use a trailing stop.

This blog is a way for me to log my progress and to aid me in learning, I hope that you find it useful. Financial freedom isn't given, it is earned. So plant the seeds of education and grow your pennies!

Saturday, February 27, 2016

A Successful Trading Day on Friday $IMMR $UNT $RATE

Friday turned out to be a really good learning day for me. I followed my trading plan (except the last trade) and used the watch list feature on Thinkorswim. The indicators for my exits work and I was able to end the first three trades with profits, albeit small profits.

The last trade worked well with regards to using my indicators for an entry point and then exiting at the EOD for a very small loss. If the afternoon push had not stalled out I would have likely taken a profit at the EOD. The bad think however was that I had not planned on making a trade in the afternoon and was doing so out of just wanting to trade. Trading out of being board is basically gambling and I'm here to learn not gamble.

Screenshots and Notes:


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