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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!

Thursday, April 21, 2016

$AREX Loss, Entered a Short $RPRX

I attempted to play a mid-day gainer with $AREX and placed a buy at $2.24, unfortunately the ticker faded and I exited a little bit later with a small loss at $2.15. I had traded this on my mobile which doesn't have the MAC-D or AO option for indicators that I like to use. When I looked back at the trade on my ThinkorSwim platform it was blatantly obvious that I should not have made the trade. 




 I also entered a short trade with $RPRX that I plan on holding overnight with the goal of covering tomorrow in the AM. The chart and indicators suggest that the pump is starting to fail and that a collapse of the recent gains is coming.


And last but not least I closed out my swing with $TWTR for a small gain. I just wasn't feeling the trade anymore since it seemed to be mostly going sideways. Also, the price per share is above what I'm looking for in a trade so I really should not have been trading it anyways.



Update on swing trades:

$TRIL +13.07%, Long
$AVP -27.59%, Short 
$RJET -9.02%, Long
$SDRL -2.33%, Short 
$RPRX -4.40%, Short

Overall total on investment: -5.98% 

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