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!

Friday, February 19, 2016


I decided to do two more paper trades for today and was planning on closing those out as well as the $GRPN trade. The trades didn't go as well as I would have liked, especially without the ability to use Thinkorswim's platform for my MACD and AO indicators. Instead I decided that I'd hold until the end of the day and placed MOC orders (Market on Close) and figured that they would close out the positions and I'd start fresh on Tuesday....

Wrong! None of the orders were executed and now my two day trades have turned into losing weekend swings and my $GRPN trade is also a weekend swing instead of a logged profit.


But the good news is that this is only a paper trade and there for the lesson is free.

I will say that the one good thing that is coming out of me not being able to use the Thinkorswim platform at home is that when I analyze the trade and compare my exits with the indicators I have set up within the MACD and AO I can see how I will be more profitable and that using them is going to be vital in my risk management.

Have a great weekend and keep studying!

Screenshots and notes:

No comments:

Post a Comment