with that amount, u could trade the trend days ,maybe 3 a month, when the uvol/dvol ratio opens greater than 5 to 1 ,up or down,get long or short with a trailing stop,pick a tl line for a bounce ,cover ,now let your days winnings ,or a part of them, be your max loss for the day, if the up down ratio continues to increase,get back in with a trailing stop,trick here is ,do you have the patience to sit and watch the market for 20 days and only trade 3, flipside to the question is ,if you don't, you will surely eat that $1 k up through commish and tiny cuts
The memory doesn't betray me. It is the British Crown logo. http://en.wikipedia.org/wiki/Keep_Calm_and_Carry_On.
I'm not bagging on you or ragging on you jinxu, although it may sound that way maybe. I'm just talking directly in an attempt to help you. You're not the first one to make the mistakes you're making. Most of us have made very similar if not identical mistakes when we started. And I've had a lot of people help me along the way and I really appreciate that and do all I can to help others. It's instinctual. I'm always learning. None of us knows everything and I always appreciate other people pointing out a dangerous precipice before I walk off it. No one wants to work minimum wage jobs. And we're not saying that you absolutely must. Find some sort of self employment maybe. I always hated working for other people so taught myself to paint houses and became a painting contractor and later I sold software on eBay and became a Power Seller. And I made some decent money at both of these enterprises. Everyone would like to make some easy money. You know? Who wouldn't want that? But as has been said before, trading may be the hardest way around to make easy money. You have to learn the realities of doing it. And you need to be properly funded at first as you will lose money. Not that you won't have some winning trades. You mentioned using the last of the money in your bank account to refund your account. Personally I'd highly recommend against that but obviously it's your call. Good luck to you in your life.
And one last thought is - what about trading at a prop firm? Have you thought of that? That might work.
This is what the OP posted on Tuesday: http://www.elitetrader.com/vb/showthread.php?s=&postid=2926803#post2926803 Riding a trend? He said NO. What I don't understand is why many of you kind-hearted seasoned traders posted many useful, but unthankful (from the OP) advices. The OP seems to be a man of few words. But did you also notice that it seems "appreciation" and "thank you" do not exist in his vocabulary?
Which prop firm will accept a $1000 security deposit to let you trade? Besides... judging from the OP's posts, I don't think he would have the patience to go through any learning path. He just wants to DO IT.
That's funny, I was just thinking that it would be nice to put one on the wall right above your trading station. Places to purchase. http://www.google.com/search?hl=en&...cts=1282419581119&aq=f&aqi=&aql=&oq=&gs_rfai=