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, June 16, 2016

Penny Farmer's Crops to Watch 06/16 $VMEM $MGT $MOSY

Penny Farmer’s Crops to Watch 06/16

Happy Thursday Penny Farmers

Today I’ll be watching the list from Wednesday which now includes $VMEM and $MGT. I traded them both yesterday and think they may still move nicely. There are a few new stocks to add to the crops.

Main Crops:

MOSY, 41.82% EOD. This one had a nice run up to .47. On the daily chart it looks like there is resistance at .48 and then again at .52. So if it can break past the .48 it could be a nice gainer.

NVCN,  17.50% EOD. This had a nice run all day with a top at .48. It came close to the HOD and closed at .47. I’m bullish on this one but I’d wait for the breakout of .48 before getting in.

CPRX, 12.21% EOD. This ran from open to close and then sold off A/H. I think profit takers were playing the A/H. This could run another day but keep in mind that Wed action seemed to form a loose double top at .83 to .84 to trade safe.

Side Crops: TGD, IPI, LODE

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