When swing trading, go big or go home. I dot not see a confirmed uptrend yet so buy and hold with small % of trade allotment is not in the cards yet.
So when I see an entry point on a swing, I go big and then set very tight stops. This is why it is so important to have a working model for each and every trade. The market is a fickle bitch and it will break you with the leveraged ETFs unless you use a structured system like this.
I went big on JNUG one time too often last week and received a nastygram from optionsxpress for a "free riding violation". News to me; didn't know what this was until now. On probation for 90 days :-( Live, and learn ;-) Steven B
Cap'n,
ReplyDeleteA large purchase, or just dipping your toe in the water?
Steven B.
When swing trading, go big or go home. I dot not see a confirmed uptrend yet so buy and hold with small % of trade allotment is not in the cards yet.
ReplyDeleteSo when I see an entry point on a swing, I go big and then set very tight stops. This is why it is so important to have a working model for each and every trade. The market is a fickle bitch and it will break you with the leveraged ETFs unless you use a structured system like this.
I went big on JNUG one time too often last week and received a nastygram from optionsxpress for a "free riding violation". News to me; didn't know what this was until now.
ReplyDeleteOn probation for 90 days :-(
Live, and learn ;-)
Steven B
Sounds like you need to get margin enabled instead of trading from a cash account (or don't use margin...).
ReplyDelete