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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!

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!

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Profit.ly @PaperAccount & @PennyFarmer
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