PennyFarmer.com ~ Planting the Seeds of Education and Growing My Pennies: Markets Green / Trades Red... That's What I Get! $ACW $NOG $TOPS

Welcome to my blog!

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

I'm a very driven individual with a passion for customer service and improving our communities.

Please feel free to connect. I'd love to do business with you.

Tuesday, March 1, 2016

Markets Green / Trades Red... That's What I Get! $ACW $NOG $TOPS

Well I made some stupid mistakes during my paper trades and I saw lots of red because of it. I decided to try for a couple of short trades today and entered $ACW and $NOG. The trades quickly changed direction on me and I made the ultimate no no, I held past my crossover triggers and netted two big losses for holding the trades.

I then attempted an afternoon trade in $TOPS for an afternoon push, but it stalled and I was out with a small loss by the EOD.

3 key points from today that I need to drive into my head:

#1, Cut losses quickly. As soon as I noted the trades not performing like I wanted I should have bailed and been done.

#2, Never hold past my indicators. As soon as the MACD and AO showed crossovers and triggers I should have exited the trades and been done.

#3, I failed to watch the overall market direction. 3 out of 4 stocks follow the overall markets. I didn't respect this fact.