Monday update

Its very unlikely there will be any plays today. Also we did not exit any of the 10 swing trades that are on today.

An email:


I am very interested in your swing trades. I noticed that all your trades are in 10,000 increments…is that your recommendation? Also what brokers do you recommend?.


My Response:

The 10,000 figure is something that will be easy for you to track the results with. I trade in higher increments then 10,000 a trade. But 10,000 is reasonable as long as you have 100,000 to invest and is a small part of your total assets.

You could trades in 5,000 amounts or less but remember transaction costs will then substantially eat into your profits. My round trip expense is only 4.00 !

As far as a recommendation as to a broker. I would   do a google search for reviews of brokers for low cost internet brokers. I have not done that lately since I have been with Vanguard brokerage for years now.


Twitter: rickjsportplays

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