May Update – Sorry For Going MIA

May Update – Sorry For Going MIA

Hey there, friends.  It seems like I have done this all too often since I took that stinker of a month in March.  I just kinda go missing.  Unfortunately, this was a very busy May for me.  It seemed that every day had things happening right away that occupied the trading times I like, which is the morning.  I did try to keep on top of things and get some market related studying done, but I can’t say I had enough focus to even attempt trading.  Keep in mind there is like 15 grand in my account…I’d like to not waste it just because I want to tell you about something. May was always going to be a busy month for me, I just didn’t expect it to be this busy.  It was my moms bday at the start of the month.  My brother decided to come up from...

Trade – April 28, 2016

Trade – April 28, 2016

WOW!  What a wild end to the day.  Some news on Apple took it down south and dragged the SPY down with it.  I was monitoring FCX, AG and BCEI before noon when I had to leave for an appointment.  When I got back, the damage was done.  Everything played out so nicely but I wasn’t around.  Hoping for some rebound and another kick at the can.  I only tried one play and it didn’t work out this morning.  Here is AG. This is a very frustrating day.  I mean, I traded this properly given my start.  But, I missed the boat…twice.  So, I saw this pre-market and absolutely loved a short.  I wanted to make sure it didn’t run a bit first thing before I entered.  I wanted anything around $10.15-$10.05.  I was willing to add anything under $10.30ish...

Trade – April 27, 2016

Trade – April 27, 2016

Small post here folks, this was a mobile trade as I wasn’t able to be front and centre in front of the charts today.  I knew that I was going to watch SEED and BCEI for some action today.  Having traded both I understood the areas I wanted to be in.  So, with that, here is BCEI. Being mobile, and after yesterday, I didn’t really show this the patience it deserved.  I had an idea of a price area and set my orders accordingly.  I got short at $4.15 after the high under $4.20 set in.  Small risk but I also wasn’t willing to let this one have legs.  Initially my profit target was $3.95 but after it bounced off $4 twice, I got nervous.  I decided one more dip and I would get out.  So, I took a $4.01 exit for a 14 cent profit.  The trade itself worked...

Trade – April 26, 2016

Trade – April 26, 2016

Today I had high hopes.  I wanted to trade yesterday, but we got destroyed at work the previous night and I was way too sleepy to make good decisions.  So, I slept.  Today I was well rested and ready to play!  I did my usual morning routine and watched things unfold after the open.  As I have been trying to do, I am waiting for the initial movements to work out so I can see a bigger picture.  Here’s what happened.  Let’s start with SEED. I will spoil the ending here and let you know that this ends up a loss for me.  The thing is, I really like my patience on this one.  I’m just a crappy dip of a penny from holding this and probably breaking even by end of day.  I knew there was a lot of emotion based on news in the last day.  So, anyone who...

Trade – April 20, 2016

Trade – April 20, 2016

My month of low trading and more studying continues.  I expect to trade most mornings but a big part of me stops everything, had me pay attention to what’s going on and then I watch how things play out throughout the day.  In the past I’d make my moves then shut everything down.  Win or lose.  Now, I want to see how it all works out so I can learn more.  I am still hoping to start ramping up my trading soon. Today, I started with FCX. I know Nate alerted this in the Investors Underground chat room.  He shorted right away and then ditched it.  He started in again over $12 but I was hesitant this early.  My experience with FCX told me to wait for the 2nd move before trying anything.  In the past I would get shaken out pretty early only to have things...