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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, August 12, 2016

Live Trading (Day 2): $GBR $752.38 in Gains


I went into the trading day looking for gap-n-go setups to ride momentum. I found $GBR moving nicely and decided to get in when there was a breakout at the $4.31 level on the one minute chart. I was filled at $4.55 and set a $0.20 trailing stop hoping that I was giving it enough breathing room to take advantage of the volatility. Unfortunately the spread got me and I was stopped out pretty quick at $4.72 for a 3.74% gain and $374 in profits.

The stock continued its uptrend and I decided to jump back in at another breakout on the one minute chart at $5.10 with a fill at $5.12 and set a trailing stop at $0.25 for a little more room thinking that it would allow for more gains to get snagged. I was eventually stopped out at $5.39 for a 5.27% gain and $432 in profits.

In total, I had 2 trades in 40 minutes and a daily P/L of $752.38 which makes up for the losses from day 1.



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