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!

Thursday, February 18, 2016

Closed $SRNE and $PXLW with Small Losses

I ended up closing both $SRNE and $PXLW with small losses today. A lot of the reasoning having to do with how I'm entering the trades and not being able to use my Thinkorswim platform at home right now. In both cases, the indicators that I use gave exit signals way before I closed the trades and while I still would have closed with a loss, it would have been far less.

I'm still in a swing with $GRPN but I'm watching my indicators and I'm a little leery. No crossovers yet on the MACD but the AO is showing a few red bars and the MACD lines are getting closer. I won't be holding this over the weekend so tomorrow I will be looking for a good exit point.

Screenshots and notes

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