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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!

Friday, July 8, 2016

Penny Farmer’s Crops to Watch $BCS $EBIO $PLCM $AMD


Penny Farmer’s Crops to Watch

I currently have a couple swings that I’m looking to close today, $BIND and $SGY. I’m pretty sure it will be a hit on the account… especially with $BIND.

As for active trades today I’m testing a new scan and will be focusing on stocks between $1 and $15. I’m going to be ignoring the sub $ pennies. The stocks that are sub $ are more difficult to trade and so far not as reliable for me to stay consistent.

Pre-market scan highlighted $BCS, $EBIO, $PLCM, and $AMD

$BCS had about a .40 gain A/H and P/M but the longer charts show a downward trend so I’m more bias to shorting this. I may look at this running in the open and then look to short it into a fade.

$EBIO, I’m watching this to see if it continues to fade from the P/M action though I’m not sure I’d be able to short it.

$PLCM recently broke support at $10.90 and shows a downtrend bias on long term charts, but has had a nice climb on the 1D 15min chart. I’m not sure which way I’ll look at trading this but mostly interested in the price action and if it will move.

 $AMD has a decent uptrend on the daily chart and looking at the P/M on the 1min chart shows the Awesome Oscillator and MAC-D it crossing over the zero lines. I’m looking to enter a long position here.

Hope you all have a good weekend, please say a prayer for the officers in Dallas and their families.

Plant the Seeds of Education and Grow Your Lincolns

Follow me
Twitter @MateoHellion
Instagram @MateoHellion
Profit.ly @PaperAccount & @PennyFarmer

Wednesday, July 6, 2016

Penny Farmer’s Tuesday Harvest $96 $AUMN, $BIND, $GALE


Penny Farmer’s Tuesday Harvest $96 $AUMN, $BIND, $GALE

I missed the big mover of the day $BGI so I’m going to slap it to the watch list tomorrow and see if there is any follow up momentum to harvest.

I made two quick momo trades in $AUMN early on in the trading day for a profit of $96. I also made a trade in $BIND with an entry of .77 and decided to hold it overnight since it was able to keeps its gains on the day. It did have some nice A/H gains which is a good sign but tomorrow will really show us if it can continue to push into the .80s.

I had one other trade that was actually an accident. $GALE was one I started to place an order on for a momo trade at the beginning of the day. It started to reverse on me before I was done making the order and decided to cancel... then I hit the buy button instead of cancel. Luckily the order was still at the default of 100 shares. I decided to let it stew since it was such a small position, that and the hourly chart shows a slow steady multi-day uptrend.

Tomorrow I want to focus more on breakouts vs just momo trades.

Happy Trading, and Plant the Seeds of Education and Grow Your Pennies!

Follow me
Profit.ly @PaperAccount & @PennyFarmer
Twitter @MateoHellion
Instagram @MateoHellion


Tuesday, July 5, 2016

A Few Pics From Camping in Leavenworth

Thought I'd share a few pictures from our trip to Leavenworth. I didn't take a ton because I was too busy hanging out with the family... but I did manage to snap a few and post them to FB, Twitter, and Instagram.












Penny Farmer’s Crops to Watch 07-02 $SGY $AUMN $EVRI $TGD


Penny Farmer’s Crops to Watch 07-02 $SGY $AUMN $EVRI $TGD

Aside from a few trades on Friday 07/01 in SGY, I’ve been away from the market. Instead I was on a much needed vacation with my family. We started with a camping trip to a campground near Leavenworth WA and planned on coming home June 30th. We ended up extending our stay at another campground closer to Wenatchee and yet again in Leavenworth.

We love Leavenworth and I plan on moving out that way in the future. It’s a very inspiring place for me.

 


I’m basing my watch list for the start of this week on percent gainers from last week and a mix on stocks that I’ve had on my watch list since before the camping trip.

Happy trading

Main Crops $SGY $AUMN $EVRI $TGD



Side Crops $MINE $THLD $GALE $GEVO