To repeat – at our website we are trying to show people that a small account should not be an impediment, so we’re trading with that mentality ourselves. Today’s top stock is TEAR. I traded this today – 2.96-3.42 – broker confirm. So just like AEZS on Wednesday – video and confirm – this business can be done well with any size account. The AEZS trade had an “investment of $3500. Today’s TEAR trade had an “investment” of $2400. Bigger accounts have certain disadvantages at times also (at least psychologically). Smaller accounts have the PDT rule. One way around that to an extent is to have small accounts at two different brokers.
Once again, I’ve cut way back on my trading. Just being extremely selective – 2 trades last week, 3 so far this week. Only 1 trade today (so far). Remember – holding the morning lows is very important for momo stocks. With the total piece of crap stocks, which are often the best daytraders, I want to see the low of the up gap hold first, before considering going long.
Click on bottom right of video for full screen: