Replies to post #10691 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Ryantacular]

I don't have the capital to get with a decent broker that does per share commission instead of per trade commission.

With light speed, my commission would have been $1.80. While with sharebuilder (what I use now) It would have been $13.90 ($6.95*2)

Also, I would need at least 25k, for day trading, for the sake of not ever getting fucked over in that manner. I have goals, and I'll make it there. For now I'll swing trade, until i get the capital to day trade.

[Ryantacular]

Speaking of dead cat's, I guess you could consider trading a gap down as playing a dead cat, as that's also what I paper trade. Today for example, I went long on NDSN.

Started my position with 200 shares at 80.40, added to 400 shares to my position at $79.90 and again added 800 shares to my position at $79.60. Ended up averaging at $79.80.

Sold my position at $80.90. $1.10 profit per. 1400 shares total so $1,540 profit.

The price went as high as 81.71, during the same candle I sold, but my stop got hit during the climb.


i wish I had capital. been paper trading gaps for 2 weeks now. And if it was real life, i would not be disappointed.

[Ryantacular]

Here's a visual.