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 26, 2016

Watch List for 05-27

ASX ~ 18% EOD, I’m short on this overnight from $5.75 with a tight stop set at $5.91 ($0.16). This had some merger type news today and climbed throughout the day. It has been in a sideways channel for a while however with the top at $5.90. That top level has now been tested 5 times with today’s failing to hold. My goal is to catch a fade tomorrow to $4.89 or even $4.40.

NERV ~ 233.33% EOD, Had positive phase 2 testing and gapped up in the opening before further climbing during the day. Has shown some fading into the EOD and A/H. I’m short bias and think this could come back down pretty quickly.

SGY ~ 36.73% EOD, This has had solid gains for a few days now and is showing signs that it may breakout over a multi-day level of .68 to .70.

HUSA ~ 31.60% EOD, Financials out, breaking out above .22 and could test .27 range if we continue to see momentum. I’d watch key resistance levels before going long as this could just be a dead cat bounce.

SKIS ~ 27% EOD, Financials and upgrade new, tested the resistance level at $4.56 but faded into the close. This could go either way but I’m more on the short bias side for it.

EBIO ~ 24.77% EOD, No current news to justify the move up, but had a nice run today breaking past the resistance level at $1.30. This may be a decent momentum play if the $1.30 continues to act as a support.

GLRI ~ 21% EOD, Financials, This is a former runner with runs that reached .38 and .66. The spikes are always short lived so this could just be a pop & drop. Either way may work but I’d be very cautious here.

ARP ~ 20.33% EOD, Financials, this has had several days of gains. There are several levels of resistance starting at $0.366 and going up to $0.60. I’d wait until momentum is confirmed by breakouts and solid supports.

GOGO ~ 16.35%, Contract win with airline, This had a nice move up on volume and the contract win as a catalyst. It does have some strong resistance to chew through at the $11.75 level which it tested at the HOD. If it isn’t able to crack that level it will likely get slapped back down to the $9.95 range before reversing and going to the retest.

Happy Trading
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