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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!

Friday, May 20, 2016

TGIF & I Don't Mean the Ticker!

Its days/weeks like this that make me regret posting every trade. It's hard to swallow your mistakes and put them out for the world to see. I'd much rather share with you only the wins...

But that isn't right and it won't help me grow as a trader nor build trust with those who read my posts. 

The transparency preponderant to Tim Sykes teachings is key.

So with that said, I have to admit that I ended the week horribly. In fact, this week is likely the worse trading week I've ever had with four large losing trade and even worse, I willingly broke rules and did pretty much everything Tim advises you not to do.

I forced trades, used market orders, failed to cut losses, failed to use chart levels, gave in to FOMO, didn't pay much attention if the stocks were contract winners or earnings winners... and I'm sure there is more.

I'm going to study and really do everything possible to focus on better trades and sticking to the rules.

This week is exactly why I am paper trading. I truly need to focus on the fundamentals and become consistent with my trades and following the rules.

Here's the review of my loss in $LINE today


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