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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!

Tuesday, May 24, 2016

Watch List 05/25

FCX ~ 4.86% EOD +0.43% A/H, Long overnight after being alerted to the mid-day breakout at $11.58 and getting in at the multi-day breakout of $11.68. Looking see this test resistance at $11.98 and or crack $12.

NM ~ 51.04% EOD, Earnings winner beats by $0.29. Near a breakout of the $1 range with triple top resistance at the $1.68 level. This could run up between those two levels for a nice gain.

INNL ~ 47.82% EOD, news on two phase 3 studies as a positive catalyst. Next big resistance in the $13.90 range. This could gap up in the morning so if I were to go long it would be after the morning run and I’d look for a setup on the min to

PEIX ~ 20.56% EOD, Earnings news and just broke out from the $5.85 range with multi-day run up. If momentum continues a play to $7.68 to $8 range could be do-able.

Happy Trading

Follow me on Twitter @MateoHellion
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