Making $5K with $20K each month

Discussion in 'Journals' started by PennyTrader, Apr 14, 2007.

  1. This is the type of trades I like to enter with a stop below the trend line:

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    #151     Apr 19, 2007
  2. Here goes, notice the white B line is still downtrend, the best entry is when B-line drops below 20% and it starts to bounce (the slope is positive), it needs another drop to get to the level. This is a counter-trend trade:

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    #152     Apr 19, 2007
  3. looks like a Spyder Jack Hershey chart with channels and STR/SQU :)

     
    #153     Apr 19, 2007
  4. mfarooq

    mfarooq

    "I used to use AB Watley. Now I use Prodigy Trading, both of them uses Omni Pro trading platform and Penson for clearing, should be an easy move."

    Thanks for info, Please share with us how prodigy help you in achieving your goal.
    How they charge commission and what is there margin interest rate? Is it easy to draw money from them?

    Good luck again.
     
    #154     Apr 19, 2007
  5. GOOG 15 minutes chart, right at the trendline, like the entry here at 476. (of course a stop should be entered around 475.80 in case trendline break).

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    #155     Apr 19, 2007
  6. Thanks. The commission is a little higher compare to what I used to pay, no ECN rebates, but it is not as high as Ameritrade or Etrade. They gave me the lowest commissions as far as I know, they don't want me to disclose it in public, some traders pay $10/trade, they would upset if I tell them how much I pay.



     
    #156     Apr 19, 2007
  7. Now GOOG breaks the trendline, heading to 474.80s and lower:

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    #157     Apr 19, 2007
  8. Now heading to the next support @$473.48, that's the support after 474.70:

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    #158     Apr 19, 2007
  9. A long trade entry can make from here:

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    #159     Apr 19, 2007
  10. Broke the last support, GOOG is heading to low of the day.

    It was a good short when GOOG broke the 15 minutes trendline.

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    #160     Apr 19, 2007