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, May 19, 2016

Trading Stupid, Another Red Day $KOOL $XGTI $GBSN $PRGN

Today was filled with frustration and I'm the one who gets to own it. I had bad entries, failed to cut losses, revenge traded, experienced FOMO, forced a trade, even used a market order to get in vs a limit.

Basically I relapsed to my old ways and managed to slap my paper account to a loss of -$2k.

So rather than just screenshot the chart and show what I did, I thought I'd force myself to see the difference between trading stupid and trading smart.

Below are a couple of examples. I may do the end of day charts like this from here on out. I think it will be helpful to me.

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