So I never realized how hard this actually is. I've got everything I need. I have a margin account. I have QuoteTracker (thanks to the Software forum for the recommendation). I have two monitors (at work and at home). I understand basic candle formations. I know many of the indicators (and the rest are just a google search away). But yet for the past few days I've sat and watched the charts update before my eyes and I can't even decide on a good entry point. I'll see a huge down trend (like VOL today) but I'll never enter because I think "it's probably about to end and as soon as I jump in it will reverse." I'll have a few indicators give typical long entry signs (like MACD, TRIX, and CCI), but I won't take it, because I seem to only be able to locate good entry points after they've already happened. The one time I actually made a day trade (on 12/29/06) it ended up going against me, but I only lost like $35 after comission so i wasn't too upset. Is this "paralysis from analysis" or whatever they call it? Everytime I learn about a new indicator I think "omg, this indicator is awesome" but after watching it for a day on the charts I think it sucks. I swear I did better when I was paper trading using ONLY candlesticks and volume. So how did you develop a system that works for you? How do you weed out the crap, or the contradicting indicators, or the ones that you don't like? And how do you determine risk/reward ratio? I see all the time "oh yeah, my system has a 1:2 risk to reward ratio." So you're risking $1 to make $2. Ok, that's awesome. Is that just because your stop going with your trade is twice as far away from your entry point as the stop going against your trade (ie. I enter @ $20 and will exit @ $20.50 or $19.75)? How do you look at a chart and determine risk/reward?