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, March 18, 2016

Such a Sexy Trade: 11.02% Gain with $ONTY

Throughout this process of learning how to trade pennies I've had many failures, but every once in a while you make a trade were everything comes together so perfect that you see why you are learning and exactly how trading pennies can lead to financial freedom.

My trade this afternoon in $ONTY was one of those perfect trades.

Update on swing trades:

$AVP -25.46%, short with a target of $3 to $3.50.
$FIG -2.58% , short with a target of about $3.85.
$GRPN 0.00%, short with a target of $3 to $3.20.
$NADL -2.25%, 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 -7.64%, long goal of 10-20%.
$SKY +31.40%, long goal of 10-20%
$VCEL -3.56%, long goal of 10-20%

Overall total on investment: -6.08%

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