Making $5K with $20K each month

Quote from PennyTrader:

Thank you all for the kind words! This ET is very interesting place, some posters are no surprise to me, I remember an old Chinese saying, "when the forest is big, expect to see all kind of birds."
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are those the kind of birds I think you mean?

keep to the topic PennyTrader!:eek:
 
Scan results: SWRI, ARBA, JAV, ECIL, SUPG, CHTR, AVNX, SWSH.

ECIl closed @ 8.55. It is forming a nice symmtrical triangle, it'll break out of this triangle next week - either up or down. By looking at its TA indicators, break the upside resistence area (8.62+) is very possible in next week, looking for $8.93 to $9.20 target, with $8.49 stop.

http://charts.dacharts.com/2007-04-16/smallcaptrading_27.png
http://charts.dacharts.com/2007-04-16/smallcaptrading_29.png
http://charts.dacharts.com/2007-04-16/smallcaptrading_30.png

CHTR $3.37 - CHTR is at the start of a trend reversal. Looking for the 1st target 3.57-3.60 area. A buy signal was generated four days ago at $2.80.

http://charts.dacharts.com/2007-04-16/smallcaptrading_31.png

SWSH $1.77. Looks like SWSH is at the beginning of a major uptrend, a buy signal was generated on Thursday, it had a huge gap up on Friday, it has been consolidating all day, another buy signal is starting to form. Look to buy on a dip on this stock.

http://charts.dacharts.com/2007-04-16/smallcaptrading_33.png


AVNX $1.80, buy signals were generated early last week, looks like it wants to head to $1.94-$2 area, stop at $1.75, making 5-10% is not impossible.

http://charts.dacharts.com/2007-04-16/smallcaptrading_34.png
http://charts.dacharts.com/2007-04-16/smallcaptrading_35.png

ARBA $9.66. ARBA just broke a symmtrical triangle and the resistence area last week. A buy signal was generated thereafter. Looking for $10+, with initial stop of $9.59:

http://charts.dacharts.com/2007-04-16/smallcaptrading_25.png
http://charts.dacharts.com/2007-04-16/smallcaptrading_36.png
http://charts.dacharts.com/2007-04-16/smallcaptrading_26.png
 
Quote from PennyTrader:

What a weekend, Attended two birthday parties for the kids today. Now the boys are in sleep, time to scan some potential plays for next week.....:-)
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UGHHH........ The plight of the Stock Trader and his investigative work that is so necessary.

Give me the YM each and everyday and I will show you a happy trader who does a Grand total of 5 minutes of work each night plotting the PP's :D
Gotta luv it
 
Yes, because I'm stupid, I don't know how to make $ from futures, I had to work the hard way.

Quote from jimmygold:

UGHHH........ The plight of the Stock Trader and his investigative work that is so necessary.

Give me the YM each and everyday and I will show you a happy trader who does a Grand total of 5 minutes of work each night plotting the PP's :D
Gotta luv it
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nice trading! and i bet that after that day, (in relation to another thread), you feel successful. made what you wanted, AND have the freedom to do other things.

interestingly enough, i went in CHTR short for an intraday trade. i'll be adding more to it in a little later this am unless it crashes. maybe it makes money, maybe it doesn't, but i'll see how it plays out.

but that's what makes a market, different approaches for different people.

and to the person who said it wasn't possible to do this, you're wrong. and i'll *never* be in the traders "top 1000" traders. there are TONS of people who are better traders than i am, and there will continue to be younger people coming up who are / will be far better traders than me. but the important part is i don't CARE about being one of those super duper top traders.
 
don't let some of the other posters on here tell you it can't be done cause there are many people that do, for instance I opened up a new account since i found a broker that had better routes than my core holding broker back in mid feb with 35k and now at about 70k, only thing i see wrong with your approach is setting goals on what to make, gotta take whatever the mkt will give you and not force trades to make a quota
 
Quote from PennyTrader:

Done for the day, the goal is reached, made $998 from AQNT and CPSL before 10:00 AM.

Take the boys to school, have a good day everyone!
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SWEET !!! Made your whole week in one day. Takes the pressure off wouldn't you
say :)

Keep up the good work, we all know you can do it !!! :cool:
 
Quote from PennyTrader:

Done for the day, the goal is reached, made $998 from AQNT and CPSL before 10:00 AM.

Take the boys to school, have a good day everyone!
More...

Great start, man!

Ignore pessimists on this board. I bet they are still struggling to make a few hundred right now. :)

Like I posted earlier in this thread,

"One man's dream is another man's reality."

Best of luck!
 
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