FLAG PATTERN BREAKOUT ON $SCTY – SOLAR CITY

Trading is one of the hardest things to learn. In the beginning you will make numerous mistakes, and without making mistakes and having losing trades you will not progress and learn as a trader. It took me a while to start recognizing different patterns in the market each day. After a while you will start to see some of the same setups repeat and you will start to learn how to trade those patterns. Here is a video that I  put together for the flag pattern breakout. This is a live trading video, I recorded my desktop live for the first hour of trading while I was trading $SCTY or Solarcity.

I edited the video to help you see how I made the trade from point A to Z,, the entry to the exit and the profit I made. This video will help you see what a Flag pattern breakout is. This is a very common pattern in the market that you see over and over each day. The key is to start recognizing the pattern and understanding when to take the trade. I hope this helps.

My Camtasia trial is running out, does anyone have a desktop screen recorder that I can use for free??!!

 

 

 

 

 

FINALLY – MY FIRST LIVE TRADING VIDEO!!

I finally got it made! Recently I have been recording my desktop screen to capture my trading with Snagit by Microsoft. Its a screen capture software and I also signed up for a free trial for Camtasia, which is a video editing software. It took me 3 weeks to edit this video due to work schedule and trying to trade at the same time but I finally got it made.  I have a whole new respect for movie editors!

This video captures two earnings play for Ali Baba and Qualcomm. The video quality is not very good and I just added a few things to the video to explain the trades. Once I get more proficient with the editing software the videos will be better. If  anyone has any recommendation on better software which has better video quality please let me know. Appreciate it!

 

 

SERIES 56 LICENSE

Its been a while… a long while since I posted something. This is just a quick update for whats been happening since last time I posted anything… I have been studying my ass off on charts and stocks, also received my Series 56 License in July. For anyone who is taking the exam, feel free to reach out to me if you need any insight.. I also created flash cards to help me study. You can access them by clicking HERE. 

The flashcards are just a study guide,you will need to study the manual and practice exams to! Good Luck!

Also will be posting more trades soon on YouTube,, slow working progress but we getting there!

 

 

HOW I CREATE MY WATCHLIST

Someone asked me how I go about finding stocks to trade everyday. I created a brief video on how I find stocks and create a watch list. Since I day trade there are a few factors that are important to me as far as volume, liquidity, price and trend. For a day trader Volume is key since you need to be in and out of a stock quickly, also understanding the trend of where the stock is going, either up or down and once you have your setup you can enter  your trade and exit accordingly. For all my videos click here

 

PROFIT $300 ON $CONN AND $TSLA

Trade recap for Feb. 20th 2014. Although I made profit today I did not trade well. I should of been a little more patient on my entries, in hind sight potential of a 1k day made $300.

Loss of $600 on $KSU and Profit of $222 on $PBPB and $X

This is a video for my trades for today and yesterday.

I over traded which cost me but “Keep Calm and Trade On”

 

 

 

FROM PROP FIRM TO HEDGE FUND

Whats up America! Hope everyone is having a amazing summer and getting ready for the last half of the year. Time is flying and 2014 will be here in no time. I wanted to give everyone a update on whats been going on for the past month (August).

If you read my my past post then you know that I am trading with a Prop firm.  This prop firm is off shore and based out of the Bahamas. I am sure a lot of you have heard of SureTrader the very popular broker based in Bahamas that offers traders amazing borrows for shorting penny stocks. I personally do not have a account with SureTrader but my prop firm is also based in the same city, Nassau, Bahamas. The reason my prop firm is based out of Bahamas is because the SEC cannot regulate or have not been able to regulate companies based there. Since Bahamas is not part of the US its hard for the SEC to implement their laws there.  Hence giving traders the freedom to day trade as much as they want. Some of the benefits that these off shore firms offer are:

No PDT rule

Freedom to day trade as much as you want

High margin, up to 10x the buying power or more

Low profit split between firm and trader, I used to have 99 to 1 ; 99% I keep: 1% the firm keeps

Great trading platform: I believe the best day trader platform is DAS Trader , Lighting quick executions!

Over the last few months the SEC has been trying to get a hold of the off shore firms and crack down on them because they are contracting US traders and giving them the power to by-pass SEC rules. Obviously the SEC doesn’t like that, and they want everyone to know who’s boss so eventually they want to stop these dealings and possibly shut down these firms who contract US traders. I received this information from my prop firm and a industry insider. They personally have not been approached by the SEC yet, but they do know of other firms that the SEC has gone after. So in order to continue to do business with US traders they are being proactive and moved their offices to New York City and started a hedge fund.

A hedge fund works completely different. There are specific rules and processes to follow and doing things the right way or the SEC way is what its all about.  Once I am setup I will be able to trade the funds money, the more profitable I am the better advantages I will have in the future. For the past month that’s all I have been doing, waiting for paperwork, studying, learning,  and getting educated. I should be ready to go by next week. I can’t wait…. I am ready for some ACTION!

In the meantime I’ve had some time to chill and actually do some work at my real job as a Corporate Recruiter. Also caught up on some TV shows, Dexter, Breaking Bad, Ray Donovan and Walking Dead…. right boo! lol

MITK

Bought MITK…. 500@ 3:47
Got heads up from Tim Alerts
Earnings are on Thursday 1.31.13
Looking to sell by end of week

My first trade on Tim alerts just looking to test his knowledge

DVAX

DVAX

Entry: 3.11

966 shares

FDA meet is on Feb. 24th.

Waiting for new news and volume.

Will Exit right before FDA date.

Targe 3:45 to 4

ALU

Alcatel Lucent (ALU) is up $1.58

I had the opportunity to buy it at .99 cents back in October.

I believe this stock will do good in 2013.