
January 31, 2019

Re-acclimating to trading strategies all paper so far, might be all paper this month.



This was one of those I should have gone with instincts, I was looking at it yesterday as a short potential. Would have been a beautiful short as it was touching $7 then basically would have been a hold and watch profits all day. Definitely the short of the day on my watch list.

Great way to start the day covering my paper short position. I had cover set for $1.01 it dropped to $1 and my cover got filled before it started moving back up. No complaints here easy enough entries yesterday and morning exit. This is why I love paper trades always shares available and much more likely to get out of position. This was actually an accidental trade to some degree, instead of doubling my position I was trying to cover and hit wrong button. This was definitely one of those great mistakes that worked out. The first two were intentional and getting into position the third double up ended up being the blessing by accident. More to study and learn for sure, planning to make better trade plans this year and looking at starting to do more video and analysis of trades.
If you want to learn from some of the best in the Penny Stock world check out my resources page and get a solid foundation before you pay the market for all your lessons.

Opened a short position in paper account, looking to cover into morning dip or cut losses quick as I have some work to do away from computer tomorrow and won’t be able to monitor it past a bit after open.

This quick trade I was way too anxious or in a hurry to get out. Patience would have paid off here by at least about another .10/sh as this peaked around $1.34/sh. Good news I was on the right track, bad news is I didn’t hold to it. Better prepared for next time. I am planning to start doing more analysis and planning this year on my trades.

I have been practicing less lately as life has taken my focus in various directions. Getting back into it all now though started small with first couple of trades this year, but staying in gains. Quick trade here on MRIN not a bad fast return, but a bit steep for .09/sh. Got to get comfortable again though and not a bad start to the year.