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!

Monday, February 29, 2016

Paper Trading Success: $GLUU $HPTG $SYN $ACW

Today's paper trades worked out nicely for me. I had two winners and two losers, but because I kept my risk low and cut losses quickly my gains out did my losses.

My trading schedule needs to improve and be adapted however. Because the markets open so early here on the West Coast I'm finding that I need to work on getting up earlier so that I don't miss some of the better entries and plays, like $SALT today.

The other issue I need to figure out is that I'm having to leave the house around 8:20am to drive my son to school, and often times I'm not back home until about 10-10:30am. While I can exit trades via phone, it removes the ability of using the indicators for exit triggers. I need to find a way to use the Thinkorswim platform on my mobile, the app doesn't seem to have that feature.

I placed three trades this morning, $HPTG $SYN and $ACW. I later entered an afternoon trade with $GLUU for the EOD push... which stalled.

Screenshots and Notes:

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