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123tom

01/14/15 10:30 PM

#17185 RE: Croesus I #17174

Croesus,....I think I'd be ok to trade those, but my other problem with short term trading is that I'm prohibited from day trading in my IRA portfolio. so I could get away with maybe once or twice but cant do it regularly. I'd have to basically stay in any trade for at least 4 or 5 days.
and it looks like there are many times when you need to exit on the second day, or third at most.

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JohnCM

01/14/15 11:46 PM

#17187 RE: Croesus I #17174

Just remember to limit your losses if you get whipsawed. For example playing JNUG, you will obviously have to have a wider tolerance for potential losses



Gotcha. Sometimes I will use a trailing stop loss at 10 - 15% for these volatile 3X plays.