nightwolf92
nightwolf92 Apr 01, 16 9:21 AM

nono not at all, its not impossible to make 100 a day with TNA either, Doing that alongside my current job would slowly grow into higher volume (i mean really slowly) But until I am more comfortable taking on more risk, I'm trying to stick between 100-200 shares. My current BP is 30k though.

petwyt1218
petwyt1218 Apr 01, 16 2:18 PM

I understand that 100 dollar consistently is doable, but for me personally that's not even worth my time. Is there any specific reason you chose TNA/TZA? SPXL is a SPY 3x fund which moves around a bit more than TNA; today it's up double what TNA is.

nightwolf92
nightwolf92 Apr 01, 16 2:37 PM

I'm not doing it to replace income, just learn and grow to EVENTUALLY go big and make money from doing it. For now its just experimental. TNA/TZA was because I saw Rugby trading it. I did pretty well in NUGT today made 120$ pretty quickly. But just a few moments ago I took out a trade on NUGT at 58.15 thinking it broke out above 58 and it failed, went back down and I paniced and got out -74$ or so. I do like the movement, but if I read it wrong it can punish harshly. I just need to study it bett

petwyt1218
petwyt1218 Apr 01, 16 5:00 PM

ah ok i see. Well good luck with that.

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nightwolf92

@rugby After that 3 day climb from 50.76 to 58.77 Do you see $TNA on a downtrend for a while or do you think it will continue to rise? How will you be playing it for the rest of the week?

nightwolf92
nightwolf92 Mar 30, 16 2:37 PM

Today has been a bit hard to pull that out. I usually put my positions in right after a breakout of the previous resistance. It's hard for me to find the bottoms, like today around 57.2. Idk, I'm trying to learn it, it seems to be the most reliable option I have over trading random penny stocks.

rugby
rugby Mar 30, 16 2:41 PM

hmmmm I did it 5 times today and 10 times yesterday. You are not looking right and again, after a breakout is too late. Examine the chart after close.

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nightwolf92

I cleared my trades this morning as my SureTrader account got partially funded. I am expecting more to come in tomorrow, I should have a BP of about $30,000. I'll be posting all trades that come from suretrader + Demo account but on a clean slate.

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nightwolf92

It's important to make your own trades. Trying to piggyback on someone elses signal usually will hurt you in the end. Most of my losses are from listening to other people. Something that we all learn as we go. Do your own research. Find your own strategy and stick with it. Trade in your conditions that you approve of, not theirs.

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