My previous post went on about choosing stocks that have friendly trading characteristics that match with your skill set.
Here are two entries at the same time.
BTU is a stock that I mentioned and trade frequently. It has a good daily trading range,$ .01 spread, high volume but it is also a good trending stock. No hype, flash or tech announcements. It is steady.
EDZ is a ETF that I've never traded before now. Probably a 3x. Volume is OK but not like FAZ or TNA, spread is from $ .01-.04 trading range is very good, volatility looks high.
In this trade BTU made an $.80 move, easy, relaxed, no tricks, traps or tails.
EDZ stopped me the the first trade for a .$13 loser then made a $1.20 move but I could have just as easily took only $.35 off it as showed it was going to drop big again and in fact almost went back to my entry before rocketing up. It moves fast.
(sorry I lost my EDZ entry chart)
1st chart is BTU short
2nd chart is BTU exit
EDZ exit
