This week I made about $35 after commissions. I only did one trade this week. I was long AENY for about 20 minutes. I got in at 2.90 and out at 3.00. The expectation was for it to get to 3.60, but I never saw it go there. Just too speculative, I would rather lock in my profit at $.10 per share. I was only long 500 shares. There was way too much resistance to push it higher than $3.00. Easy enough, free easy money. I can't complain!
The stupid day trading rule set by the SEC means that in any 5 day period I cannot do more than 3 trades where I am in and out on the same day. It makes things difficult, and the only way to get around this rule is by having $25,000 in your account. Hurts the small guys like us.
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