PennyFarmer.com ~ Planting the Seeds of Education and Growing My Pennies: Sometimes the Best Trade is No Trade: $GIG

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I've worn many hats during my entrepreneurial journey, including writing and creating whiteboard videos, marketing, investor relations (Blurbeo), owning and managing my own vapor pen brand (TouchESubject), servicing the real estate market and other clients as the CEO of Puget Sound Field Inspections, founded CLV Investments LLC, and currently holding a position with Byte Me LLC as a Digital Marketing Consultant.

This blog was originally started as a way for me to track my progress in trading stocks, but it's has since morphed into much more. I now use it as a window into what I'm doing to reach my goal of financial freedom. You're going to see what I'm doing to create multiple streams of income, articles and interviews that are business related or featuring other entrepreneurs, and most importantly you're going to get to know me and hopefully I can inspire you to pursue your own dreams

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Tuesday, October 27, 2015

Sometimes the Best Trade is No Trade: $GIG

One good thing about limiting myself to 1 trade a week until my account is bigger, is that I must be picky about my picks. I had planned on trading $GIG today if the pattern held and was aiming for an 8% to 10% gains target.

I decided to wait for the morning bounce in hopes of getting a better entry price to increase the chances for a better % gain.

But the opening was ugly and the trend changed directions so I stayed out and will look for a stock to play tomorrow.

I can't remember where I heard it... possibly from one of Tim's YouTube videos, but it basically stated that sometimes the best trade is no trade. Since every time you put your money into the market you are taking on risks, you might as well wait until the trade is in your favor or at the very least the risk is at the lowest possible.