Making $5K with $20K each month

This is the type of trades I like to enter with a stop below the trend line:

smallcaptrading_12.png
 
Here goes, notice the white B line is still downtrend, the best entry is when B-line drops below 20% and it starts to bounce (the slope is positive), it needs another drop to get to the level. This is a counter-trend trade:

smallcaptrading_15.png
 
looks like a Spyder Jack Hershey chart with channels and STR/SQU :)

Quote from PennyTrader:

ISIL broke the resistence - breakout - ascending triangle is the best chart formation I like to enter a trade, with a stop below the trendline.

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"I used to use AB Watley. Now I use Prodigy Trading, both of them uses Omni Pro trading platform and Penson for clearing, should be an easy move."

Thanks for info, Please share with us how prodigy help you in achieving your goal.
How they charge commission and what is there margin interest rate? Is it easy to draw money from them?

Good luck again.
 
GOOG 15 minutes chart, right at the trendline, like the entry here at 476. (of course a stop should be entered around 475.80 in case trendline break).

smallcaptrading_20.png
 
Thanks. The commission is a little higher compare to what I used to pay, no ECN rebates, but it is not as high as Ameritrade or Etrade. They gave me the lowest commissions as far as I know, they don't want me to disclose it in public, some traders pay $10/trade, they would upset if I tell them how much I pay.



Quote from mfarooq:

"I used to use AB Watley. Now I use Prodigy Trading, both of them uses Omni Pro trading platform and Penson for clearing, should be an easy move."

Thanks for info, Please share with us how prodigy help you in achieving your goal.
How they charge commission and what is there margin interest rate? Is it easy to draw money from them?

Good luck again.
More...
 
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