Replies to post #51023 on ETF SWING & DAY TRADING

[smartone]

jonr great posting

if you can consistently make 3-5 % a month - YOU should have a newsletter!!!

I learned my lesson a few years ago when I have a 401k that lost 70% of value during the 1999-2002 bear market.. I pulled my money and decided then and there I could do better job than a mutual fund

(and i did)

[satorino]

Dear Jonr

you answered all your questions yourself :). Like you I want to learn and not be spoonfed. Furthermore, i do not have the sum of money in trading money that would justify using that service. i think it starts to make sense if you use around 50k, although the basic portfolio is 10k.

he does calendars, condors , butterflies, and once in a while he does speculative long short plays especially around expiration or earnings.

i think he knows what he is doing.

but as i said i want to improve my independent trading, and i think acting like a little fast shark can be fun and profitable. especially with options, and especially if you let the chart and not the heart talk to you.

best of luck.
sat.