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!

Wednesday, April 20, 2016

$GRNH Loser $BCEI Winner

Well I'm kicking myself in the ars today because looking back at my trade with $GRNH I can easily say that I should not have made that play. It was too risky, too late, and no real catalyst other than the fact that it is 4/20 today. By the time I was able to trade today and exit, my shares were sitting at $0.0882 giving me a loss greater than 20%

So not only did I know stick to Tim's rules on what to buy, I failed to cut losses quickly. Stupid tax paid in full.

I did however manage to get a decent momentum play today that netted a small gain of $150. 

I'm still managing to not go in the red too much with my paper account, but like my cash account on I still have a very random profit/loss graph which I think is largely because I'm still picking random stocks and haven't applied myself as I should... that and I'm still being an idiot and holding losses way longer than I should be.

I'm almost finished with video 3 of the "How to Make Millions" set and will post my footnotes shortly on it.

Update on swing trades:

$AVP -32.36%, short with a target of $3 to $3.50. 
$RJET -9.02%, long, looking to exit as soon as ticker is traded again.
$SDRL -9.04%, short goal of 10-20%.
$TRIL +16.53%, Long goal of 10-20%
$TWTR -0.29%, Long goal of 10-20% 

Overall total on investment: -6.18% 

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