So, I bought TFSM on Wednesday at 5.09. Yesterday, it hit my initial target of 5.4 in which I sold all of my shares for a nice $0.31 profit. That's about a 6% gain in two days. I'll take it.
If you're looking to day trade or swing trade, you're probably going to need a nice chunk of change to get started. My suggestion is to have a minimum of $10,000. Anything less than that and it's going to be very tough to actually
trade. It's doable, but you'd probably be putting all of your money into every trade. And that's not the wisest thing to do. As a general rule of thumb, you should probably not be using more than 75% of your money in any trade. This rule is just to ensure that you don't go broke on any single trade.
If you haven't read Pristine.com's FREE educational reports yet, you should probably do so as soon as possible. It offers a lot of insight into the world of trading. Here's the link:
http://www.pristine.com/services.htmAlright, so here's another stock that showed up on my radar.
NTO made a new high on increased volume 7 trading days ago. It hit a high of 2.89 on 1.73 million shares. Now, it's retraced back to it's gap price of 2.59. Not only is that great support, but the 20 day MA is sitting at 2.5. So, here's the play, once it breaks 2.67 on Monday, buy it. Look for a move back to the 2.89 area or higher. Perhaps even 3.4. This stock trades on low volume, so be careful. Stocks with low volume are a lot harder to get in and out of. Your stop loss should be set to 2.58.
NFL Challenge 2005I've been working on this new game for our website. We should have it up within the next week or two. It's going to be fun. And best of all, it's going to be FREE. Stay tuned for more details!
Boogster
Source:
Boogster's Poker Blog
