PennyFarmer

My hold over the weekend of CRLB worked out perfectly as it broke out and had a very strong morning spike. I was able to catch the meat of the move and netted a little over 23% gains. I also to profits on my short swing of $PRGN that I had been holding for way too long. I was able to net a little over a 10% gain average with roughly $500 to add to my paper account. But the big earning here is the lesson of taking profits. At one point $PRGN was down in the $1.20 ranges which had me with over 30% gains average. I should have taken that and re-shorted to protect my profits. I didn't do that and was caught by an unexpected spike last week that slapped me back into the red. It faded in a few days and allowed me today exit, but I needed to have taken the profits earlier. Also, I was holding this too long in general because in a real trade I wouldn't be holding a short play as long as I did. Overall, a good lesson learned. Lastly, I'm long overnight on $KEYW after being alerted to mid-day news of a major multi-contract win worth $460m with the US Cyber Command. News of the CFO changing to a new CFO who has defense experience also was released A/H though I'm not sure if it will have as much of a catalyst effect as the contract win. The contract wasn't the only reason I decided to buy this and hold overnight, the technicals looked good too. When I checked the charts I saw that it was breaking out of a multi-day resistance at $8.50 which to me signaled strength. It faded slightly at the EOD but still ended in the green with almost 6% gains. Happy Trading Follow me on Twitter @MateoHellion Follow me on Profit.ly @Alleywolf Follow me on Profit.ly @PaperAccount

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HebrewHammer
HebrewHammer May 23, 16 12:10 PM

@nathalietrades1 they dont mean anything. The top color is going to be the first group that gets executed, middle the next group and bottom the last group. The colors are irrelevant they're just there to show you how many buyers are coming in at the price point.

nathalietrades1
1
nathalietrades1 May 23, 16 1:25 PM

Thanks for the prompt response helps knowing that - and if you evolve to a paid service one day! you will do amazing!!! keep on doing what your doing

DapperDude
1
DapperDude May 23, 16 8:15 PM

Thanks for the video Matt, keep up the hard work! I can tell you that your efforts are much appreciated. I finally got a chance to watch this today. On Etrade Pro you can order from the L2; at the bottom of the L2 window it says show order. When you click on it it expands and you can order right there. Look forward to the grind when I get back from vacation!

aaqibazeez
1
aaqibazeez May 24, 16 8:45 AM

Awesome video matt! Thanks man!!

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me_bruch
me_bruch May 18, 16 5:54 PM

thank you for using the term Stupid Tax. I am fond of the term (and have been on the receiving end of it way too many times).

PaperAccount
PaperAccount May 19, 16 12:36 PM

Yes, stupid tax is expensive... took a big hit on a bad trade with GBSN today as well. This is why I'm paper trading for now. I'm not consistant enough yet to justify using real money. I think I'm getting close but I need to prove it to myself first. Happy Trading

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PaperAccount
PaperAccount May 17, 16 6:46 PM

Very curious what CBYL will do in the AM, Position is currently at 11.66% gains from my entry at .9851.

PennyCoffer
1
PennyCoffer May 17, 16 11:31 PM

As usual I really appreciate your recaps...I am a visual learner so these after-the-fact updates really help me learn faster and stronger, building confidence :)

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PaperAccount
PaperAccount May 16, 16 6:08 PM

LCLP good find on the pump "LCLP: Atlanta Capital Partners, LLC and OTCStockReview.com will receive $20,000 from LCLP for 180 days of advertising, branding, marketing, investor relations and social media services provided by Atlanta Capital Partners, LLC and OTCStockReview.com. Please read entire Atlanta Capital Partners, LLC's and OTCStockReview.com's Disclaimer for FULL Compensation Disclosures.

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Received 9 Karmas
HebrewHammer
HebrewHammer May 15, 16 11:14 PM

@nathalietrades1 I use Etrade Pro and ToS with TD Ameritrade. I personally like Etrade Pro the best for everything

Nathan_casey
1
Nathan_casey May 16, 16 8:39 AM

You can change the chart intervals under style

PennyCoffer
PennyCoffer Jun 08, 16 11:04 PM

Continually reminding us of the rules, following them and to stick with our plans really solidifies everything from past lessons and learnings from elsewhere. Thanks for all your work. It is appreciated!

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