Short video of a Live trade from this morning, quick 5% gain in 5 minutes. Great alternative trading option for those with small accounts looking to day trade but avoid the PDT rule. Made like 35 bucks after commissions on a 735.00 position, granted you can certainly but more than one contract at a time but I just wanted to illustrate the point. Turns out my call on closing the trade was a good one since it bounced and bounced hard right after I got out, however if you held through it to the close you would still be green on the day. Follow me on Twitter @koolkid101694
Here in the highlighted section you can see where I covered at the bottom of the red candle and said looks like it will bounce and you should re-short, both were spot on predictions! I tried to get filled at 13.00 again but it only went to 13.50 and I didn't want to chase so I traded Oil and Nat Gas the rest of the day. Had I just filled it at 13.50 and sold at 19, I would have made 5.50 profit, which translates to like 270.00 bucks profit on a 750ish size position which is like 35%, good luck nailing that kind of trade on stocks unless its a supernova play.