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, June 14, 2016

Penny Farmer's Crops to Watch 6/15 $TWER $LBIX $EXAS

Knock on wood, so far my penny harvesting for this week has been very good. Monday was a $232 day and today was a $611 day… who knows what “hump-day” will bring.

My goal for tomorrow is to focus on my trades more in regards to what I’m choosing to get into and when I’m exiting. I’d like to limit myself to one or two trades and that’s it. That way I am lowering my market exposure because every time you put your money into the market you are put it at risk.

And risk management is everything.

Remember to plant the seeds of education and grow your pennies.

Main Crops:

$TWER, 113.94% EOD, this had a great run mid-day to the EOD and it continued to move in A/H. I could see this ripping more tomorrow and wouldn’t be surprised if we don’t see a red day until Thursday.  I’d make sure that the HOD during the open market of .32 holds before jumping in, unless it just goes nuts in the open then piggybacking the momentum might be ok.

$LBIX, 68.67% EOD, This had a strong move during the day and nice volume. It could run more so worth watching. Ideally it will breakout above $2.60 and then the mid-day resistance of $2.80. If it does that it could jump to the HOD of $3.34.

$EXAS, 33.38%. This moved up mid-day to the EOD and then ripped up to touch $10.40 in A/H. I think this could go either way tomorrow but if I had to choose one I’d have to say that I’m more bias to the short side here.

Side Crops: $BSPM, $VHC, $XKE, $HUSA, $GEVO

I’m clearing my watch lists from Monday and Tue. For tomorrow I’ll be hunting the stocks on this list as well as monitoring the biggest gainers of the day.

Happy Trading  tomorrow!

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~ Plant the Seeds of Education and Grow Your Pennies ~       

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