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Re: sandman1b post# 8340

Friday, 09/25/2009 2:29:15 PM

Friday, September 25, 2009 2:29:15 PM

Post# of 10384
Okay Sandman,
I guess you are really you. Thought you might be someone else. You just fit in so easy so quickly I thought you were someone else.

Click on this chart, then bookmark it. You can then enter any stock into it. It is now showing IWM, which is THE RUSSEL 2000.
http://stockcharts.com/h-sc/ui?s=IWM&p=D&b=5&g=0&id=p67621514148

To make it simple, write down these 2 stocks:

TNA
TZA

TNA is 3x's IWM and TZA is 3x's "short" of IWM. This way you can play the market both up and down with a NICE % move. Don't trade IWM, but use it just for a back up check for trading TNA and TZA.

Your are not doing penny stuff on this, so percentage is what you do. So it does not matter if the stock is $5 or $50. Your percent stays the same and where the gain is. 1000 share of a $5 stock or 100 shares of a $50 stock cost the same and the % moves will be the same.

I'm just guessing you have been a penny trader for the most part, just a guess. Tell me if you got the IWM, TNA and TZA part down. Trying to make it simple. The trades are SWING trades that go for about 1 week to 1 month. So you have plenty of time to make the buys and sells.

Let me know if you understand so far before I move on to explaining more.

$D OUT!

$D Says: Problem with the gene pool is there is NO lifegaurd!

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