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!

Tuesday, March 22, 2016

$CARA Good Momentum Bad Timing

$CARA had a decent morning run up and I trying to jump in and catch some of the momentum. Unfortunately I was doing more chasing than planned entry and as a result I go in near the top... which of course proceeded to fade and fall... which I deserve, lol.

But I cut losses quickly and was out with only getting hit by a 2.70% loss.

Update on swing trades:

$AVP -20.16%, short with a target of $3 to $3.50.
$FIG -3.22% , short with a target of about $3.85.
$GRPN -1.73%, short with a target of $3 to $3.20.
$NADL -19.25%, long goal of 10-20%.
$RJET -9.02%, long, looking to exit as soon as ticker is traded again. (Seems there was some activity but the chart doesn't show movement??? Not sure but I have a sell order pending)
$SDRL -12.56%, long goal of 10-20%.
$SKY +36.75%, long goal of 10-20%

Overall total on investment: -7.55%

1 comment:

  1. Just reflecting on today's paper trade. I think another mistake I made was that originally I had placed the buy order as a limit @ $6.39. When it didn't execute I forced the trade and switch it to a market order, thus having a buy in at the top range of $6.66.