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

That One Time You Missed a Trade Because You Slept in: $SALT

The sleeping schedule is something that I need to improve to ensure that I'm nailing the best morning entries.

But that said, I was super happy to see one of my top 3 picks on my watch list see 45% gains and settling at the EOD with 33% gains. I could have entered after the ticker had already reached 20% gains in the morning, but I didn't like the idea of chasing because I've been burned by that so many times.

Instead I continued to watch the chart and see how it played out. It was a great lesson and reassuring to see how the chart and the indicators reacted.

Here's a screenshot and some notes on what would have been the perfect trade:

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