$25k account. Bad start out of the gate today, lost shorting GPS, then going long GPS. Scalped WTW long. Shorted ENDP and PRI for wins. P/L: +$237.53 At desk for 8 hours, hourly pay: $29.69
Your broker didn't do too bad either. How are you picking these stocks.... just off of the "most active" list?
Profits posted are after commissions. Commission is only $1 for 200 shares, so not really hurting there. Yes, I play active/trending stocks of the day.
Yes, getting my ass handed to me today, was up $400, should have been done right there, kept going, now down $1,400, life of a day trader.
Terrible day today: Scalped YELP short for a win, scalped KORS short for a win, scalped HRTX short for a win (right after I covered, it crashed) Then I get the bright idea to trade DXPE - I bought 200 shares @ 25.23, it was up about 45% for the day when I decided to go long, the spread was getting wider and wider, I got shook out exactly where I came in $25.23, wouldn't you know it, it keeps going up, finishes the day @ $27.60 up over 58%, then I got the bright idea to short it, took a loss there as well + I'm carrying a position with a loss, which I said I would not do, I'm so bad at this. Booked P/L: -$20.70 Carried loss: -$1,510 At desk for 8 hours, hourly pay:
...Good Luck" -- a Trader needs more than Luck ...they need to think like an Army General...seeing both the bigger picture, and the smaller tactical one. As Gordon Gekko would say: 'read Sun Tzu the Art of War...every Battle is won, before it is ever fought.'