Qui, nothing comes easy in these markets. I have been trading for 25+ years now, and have honestly had more loosing years than winners. But my winning years where stellar, so they offset the loosers.
example 2008 was a disasterous year. Was down 78% at one point. Closed out everything, then re entered the market when the dow hit about 6250. I knew that the bottom was in, or very near. Started buying just 100 shares of ford, Alcoa, Teck commercio AND 19 other stocks. From Sept. 2008 to end of dec. I turned the account around and made up ALL of the 78% loss + an additional 10%.. But I was working with about $30K at the time. That's stellar trading.
A $400 account is going to be difficult, but not impossible. You will likely need to successfully trade it for 4-5 years to get it to maybe $5K.
That would be a successfull run rate at 100% yr. Any stock trader would take that in a heart beat. The FX is probably your best shot at doing this. Once you get to maybe $2k in your account, then pull maybe $500 and buy something like SGLB or PZOO. These are presently my best picks in the penny market. But bear in mind that I also hold some shares in AMAVF ($112 a share).
Best advice I can give you is stick with your short GU. I see signs of reversal coming. Give it time to develop. When it does and it is obvious, then you can add another short and be with the trend. Just set tight & keep reading the board.
Right now, the GU is doing exactly what I expected for today so far. I need it to go up a little to clear out a long GU. Then I set back and watch untill the short trend reverses, and I will start scalping the short side, while all the time holding my (SHORT CORE) position.
AI
