You have to let the funds settle which average about 3 days. I have enough money to open a margin account, but I literally have everything riding on FAZ right now. It's an account that's growing. I was almost totally wiped out from last year. I rebuilt the account from the remaining $600+ to $6300+ since January. The FAZ spoiled my trading plan.
My trading plan is to build the account up to $12000 dollars. Then I can make trades of $4000 each day. By that time, on the third day, the first trade will have settled and can trade again. My trading plan shoots for 10% gains on each trade, every day...if it's possible. A lot of research will be involved to identify good stocks that have tradable price channels. Theoretically $400 per day or a measly 10% gain is not asking to much. Tight stops will be set on each trade.
Comment if you wish. I hope that you won't think this plan is grandiose.
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