A small account should not be an obstacle to believing in yourself trading well. For this website, I’ve geared my trading to the small account mindset, and trying to keep daytrading to a minimum. You would need a margin account to do these trades because of selling short. Again trying to give all types of possibilities, even though FOR MOST PEOPLE (not everyone), a margin acct is a bad idea. There are 7 trades in the miner ETFs for June (6 plus an add on), and not one is a daytrade. They are all profitable trades. They all would fit in well for a smaller account. All of these trade setups were discussed beforehand, with time frame/general date and price point.
These trade setups were not about bko/momentum types. The setups are about support/resistance types. I have a much different way of doing markets, as I mainly buy below support, yes below, and sell/short above resistance, yes above. It’s completely geared toward doing the opposite at where/when I believe are going to be turning points – the times/places where the weak hands will always screw themselves up. And to point out again, this website requires a lot of time to run, and my focus is often elsewhere when it should be on markets – thus my entries and my exits have not been great, but the results are still pretty good (again – all profitable). The timing is easily correctable with a renewed focus back on full time trading.
This was grest! Thanks for all the hard work in our behalf and for continually raising the bar for content! Keep kicking a $$ and taking numbers….
Thanks bro. Making this site all about good trading….with some fun. Why is everything about markets on the internet boring as crapola.