The E-Zone System of swing-trading has been working for me, and AINV has now fallen into the list I track: stocks under $10, with high volume.
Agree with those here who believe that volatility can be used for profits, even in declining markets.
That's the way to do it with good quality stocks... eventually you'll catch the bottom and reap the benefits when the stock turns the other way. We're just trading with the overall market... And I think at this point we're way overdone to the downside. We'll be back up on any hint of macroeconomic improvement.
I personally think that when one is called an idiot on these boards, one is on to something.
Intelligent people have no reason to name call. It doesn't make any sense to insult a stranger.
Now, maybe if we hung out at the same bar....
Wait a sec... I'm the one that made the FAS day trade, purely based on technicals. But I've been trading for 20+ years... It's really ok to day trade a triple ETF, as long as you know the risks, and as long as you make a profit. That's all that counts. ;-)
and I don't even know him.
All I did was make a statement as to why he day trades a ETF and he took it personal.
He then refers to novice traders like he is some great professional because he makes a lucky day trade.
Always leave some breathing room on margin. The way I do it is I have my hardcore holdings (currently AINV, AKAM and F) and I day trade with my margin. Today I caught a nice swing back after everyone was done throwing out the bath water with the proverbial baby. I stepped in on margin and made a wonderful play with FAS... Very risky and wouldn't recommend for a novice trader though. Investing in AINV is great... And I believe it's one of the best stocks to hold for the long term and add on days like today. But don't use margin to invest... It's a losing battle.