Live Trading (Day 3): $STEM $CYCC $114 in gains

Day three of live trading was almost a red day for me. I went with the "gap and go" plays like last time and found that $STEM was showing potential for another run... it had a huge run the prior day. I had a nice entry of $1.79 and saw my position quickly run to $2.00. I thought it would run more so I set a loose trailing stop even though I was sitting on about $800 in gains. Of course the stock market gremlins had other plans and it faded on me and zapped my gains into about a $280 loss.

I almost placed a trade with $THLD which seemed to be a sympathy play on $STEM but ended up with a momentum trade in $CYCC shortly before a HOD breakout. My entry was $7.73 with the HOD breakout at $7.79. I ran with a trailing stop and locked in $350 profit on a dip. Left about a $1 on the table but I wasn't willing to set a stop that was too loose.

I could have had a $1k day... but there is no point in beating myself up. Losses and trades flipping on you are part of the game. $STEM could have just as easily continued to run and my loose stop could have kept me in longer and allowed me to capture more of the move. I managed my risk, stuck to my stops, ended the day green... not to mention I had the opportunity to trade with a view :)

Next trading day will be Monday the 22nd providing I'm not camping.

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.

At the Bottom of the Staircase, I Go Live!

Its been a long journey just to get to the base of my staircase to financial freedom. I've paper traded and studied for over a year and I finally feel that I am ready to move forward.

Unfortunately I'm not starting out above the PTD rule. I'm starting with an account $20k in size. The rule will make the start a little more difficult but since I'm a glass-half-full kind of guy I'm thinking it may be a blessing in disguise that will keep me at a safe pace to start.

This isn't some part time hobby or something I'm doing just for fun. This is my future, this is fulltime, and I will be living off of my profits and dealing with my losses.

It won't be an easy journey. My first "live" trading day proves that. My first trade in $HIIQ went red on me because I ended up getting in a little too late and had the position fade on me for a loss of $400... roughly -4% on the position. But it wasn't a sloppy loss, I cut my losses fairly quickly and managed my risk well. Red days will happen, that is just part of trading. My second trade is an overnight swing in $MWW that gapped 20% on earnings and buyout news. I entered after it appeared to be holding its gains and I'm looking to catch a second day runner.

Remember folks, financial freedom comes to those who plant the seeds of education and grow their pennies.

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

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Twitter @MateoHellion

Instagram @MateoHellion

Profit.ly @PaperAccount & @PennyFarmer

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

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 30^th. 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