Tell him to make sure it's a margin account (I know most on here don't like margin but it's necessary to get rolling) and get 2 $4000 lots (so he's only using 60% margin)and look for 10-15% moves over a couple weeks. IMO we're set up very nice here for the miners and GDX should be able to get 10% pretty easy from where it's at.
I'll see where we're at in the AM and pick two spots that look good.
3 comments:
Would like to actively trade but i believe one would require more capital to make it feasable
Tell him to make sure it's a margin account (I know most on here don't like margin but it's necessary to get rolling) and get 2 $4000 lots (so he's only using 60% margin)and look for 10-15% moves over a couple weeks. IMO we're set up very nice here for the miners and GDX should be able to get 10% pretty easy from where it's at.
I'll see where we're at in the AM and pick two spots that look good.
Thanks i will forward your suggestions
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