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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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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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

Penny Farmer’s Friday Harvest -$265 $ZAIS, $NADL, $NGD, $SGY, $EXAS, $GBPUSD, $GBPCAD

Penny Farmer’s Friday Harvest -$265 $ZAIS, $NADL, $NGD, $SGY, $EXAS, $GBPUSD, $GBPCAD

I wanted to post this Friday night but I got busy getting the family ready for our first camping trip of the summer. The first trip always takes longer to get ready because we have to de-winterize the trailer, restock items, and get everything packed. It’s all worth it though. This year our first trip will take us to 8 mile camp ground just outside of Leavenworth WA… our favorite place to haunt

So as I’m sure you saw, Friday was a crazy day in the markets with the Brexit vote causing markets to tumble worldwide. I think that may have played a role in my overnight trade dumping on me. Luckily I had a tailing stop in place which reduced my overall loss because it fell way past my stop. The total loss on the trade in $ZAIS was a $1,035 hit.

I’m still not a huge fan of overnight trades. I’ve had a few go in my favor but for the most part I tend to loose on them. I also dislike the feeling of giving up control on the trade, seeing a stock climb in A/H and then tank in P/M and gap down in the open.

The loss in ZAIS set me to be over $1k in the hole for the day and I was looking to make that up, all though I really wanted to be careful and avoid revenge trading. So I stuck to me patterns and looked for entries that I knew had the odds in my favor.

I found that in forex first. Normally I wouldn’t trade FX unless I’m doing so just to practice chart patterns, but the Brexit vote had the markets going wild. I looked at the pairs GBPUSD and GBPCAD a saw that they appeared to have bottomed and were in the process of a bounce. I found the breakout levels and watching the MAC-D and AO. Once in both I set trailing stops and let them move up. By the time I was stopped out my gains were GBPUSD $510 and GBPCAD $185. I re-entered both trades a short time later and I’m planning on holding them longer for bigger gains.

 As I moved into stocks I found a breakout pattern forming in $NADL and saw that the MAC-D and AO were nearing their zero lines and placed an entry at 7.16. I had walked my S/L up with the price action and at one point had the S/L at 7.30 but for some reason it blew past it so I adjusted it and managed to get out at 7.22 for a gain of $90

My next trade was in $SGY to catch a breakout with MAC-D and AO nearing zero lines. I walked up the S/L and was knocked out a short time later with a gain of $135.

I then attempted a trade in $NGD for a breakout at the 4.49 level with MAC-D and AO levels nearing zero lines and was able to get in at 4.47. It seemed to have too much resistance at the 4.49 and looked like it was going to form a triple top vs breakout so I cut losses early and left with a small gain of $38.

I then retraded $SGY with the goal of catching a breakout of 8.11 and set a tailing stop with a .10 tail. I was knocked out in a dip and locked in a small gain of $22.

At this point I was pretty much breakeven on the day and decided to trade more to see if I could push harder and actually go green on the day.

That’s when I got into a trade with $EXAS for the breakout of 11.55. I had a decent entry but unfortunately was slow on setting up my S/L and got caught in a dip. I cut losses quickly however with a loss less than 2% at -$210.

I then took another trade in $SGY as a momo play while I was picking up prescriptions for my wife. I was trading on my mobile which I’m not a huge fan of because I’m not able to use the MAC-D or the AO. As soon as the trade was filled I also entered a trailing stop of .10 and I was stopped out roughly 10 minutes later for a gain of $105.

My last trade was also in $SGY based on the MAC-D and AO. I was looking to catch a fade into the close. It had other plans though and I ended up cutting losses with a loss of $105.

Trades P/L, total -$265

ZAIS, -$1,035

GBPUSD, $510

GBPCAD, $185

NADL, $90

SGY, $135

NGD, $38

SGY, $22

EXAS, -$210

SGY, $105

SGY, -$105

So overall I’m very happy with the way the day played out. Yes, I ended in the red but on a day with the markets going crazy worldwide I nearly made up over $1k in losses. In fact, had I not done that trade in ZAIS I would have ended the day in the green at $770 on the day… but shoulda woulda coulda doesn’t put funds in the account.

I wish everyone a green week starting Monday. Remember, Plant the Seeds of Education and Grow Your Pennies.

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Penny Farmer's Crops to Watch 6/24 $ZAIS $NADL $UVXY $GST

Penny Farmer’s Crops to Watch 6/24 $ZAIS

Good morning fellow penny farmers and a HUGE congrats to those from Great Britain on securing your independence. I love watching history take place and there is no doubt that what is going on in Europe is historic.

The global markets started going crazy as we led up to the vote and after. Japan halted trading for a while, the pound went into a freefall, and oil dropped significantly as well. As an investor this would be a very scary day, but as a trader this is a day full of opportunity.

I made a few paper trades in FX with GBP/CAD and GBP/USD after the pairs appeared to be bouncing off of their bottoms. My first two trades netted about $600 in profits and I still have two positions open.

Speaking of open positions, I did very little trading on Thursday and decided to place a long position in $ZAIS near the close. The stock had a huge run and was holding levels on a pullback into the EOD. My plan is to hold overnight and sell into continued momentum with a trailing S/L of .10 cents.

Crops to Watch

Main Crops:

ZAIS, 185.1% EOD. This had a huge run on Thursday. I entered within the last half hour of the day and took a position @ 3.97 when the pullback was holding support levels. My plan is to sell into continued momentum and I have a trailing stop in place.

Side Crops: UVXY, NADL, GST

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

Please follow me

Twitter @MateoHellion

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Profit.ly @PaperAccount & @PennyFarmer

Penny Farmer's Wednesday Harvest $1,004 $SGY $DELT $UIS

Penny Farmer’s Wednesday Harvest $1,004 $DELT $SGY SUIS

Wow, just wow.

I came into the trading day about 1 ½ hours into the day and saw that my overnight trade in $DELT had stopped out at $1.56 with a $310 win. It did test higher with a HOD of $2.60 so I probably should have used a trailing stop vs a stop limit, but I was really unsure if it was going to pop again or just continue to fade and turning the trade into a larger loss wasn’t something I wanted to do. I’m still not a fan of holding overnight… it feels like I’m giving up some control on the trade and I can only imagine the stress I’d feel with a real $10k position on the table.

With that trade done I decided to look around for another entry by taking a look at the percent gainers of the day since I didn’t make a watch list the night before. I saw $SGY had been making some good moves and that the chart suggested that it was starting to fade off of the HOD. When there was a clear breakdown level at $9.50 that was about to crack I placed an entry and was filled at $9.61 and walked my S/L with the price action eventually getting stopped at $9.30 for a win of $341.

I continued to watch the chart and placed another trade at the $9.20 level and got filled at $9.14. I set a tight S/L and ended up getting knocked out at $9.10 for a $20… basically a scratch.

I had planned on waiting until the last hour of the day before placing further trades but continued to watch the chart of $SGY.  Another clear technical breakdown level was getting cracked and I decided to go ahead and place an entry with the plan of using a trailing stop and carry the position into the EOD. I was filled at $8.90 and a little while later stopped out at $8.74 for a gain of $176.

My last trade in $SGY came at another technical breakdown level getting cracked and an entry of $9.09 and a trailing stop of .10, it was later stopped out at $8.92 with a gain of $187.

I’m sure if I had more experience or stronger nerves I’d have gone short at the $9.61 and held till the EOD were it closed at $8.59 or perhaps still be short on it an cover tomorrow. But this worked for me and was stress free (not that there is much stress in paper trading lol)

My last trade came at the last hour of the day and was a short position in $UIS, I was stopped out quickly with a loss of $30.

At that point I was $1,004 in the green for the day and just wasn’t feeling “it” anymore. I decided to keep the gains rather than risk giving it back to the market. Sometimes the best trade is no trade.

Please follow me on:

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@PaperAccount & @PennyFarmer

Plant the Seeds of Education and Grow Your Pennies!