About 8 months ago I decided to get into the trading game by taking my $5000 and opening up a Tradestation account. For about the same amount of time, I've been reading EliteTrader posts which have been very helpful. I quickly realized that any form of success in this business is accomplished via a slow and steady persistence. The main problem I see is the abundance of information out there and it's very easy to get overwhelmed and take your eye off the target (the target for me is like many; to quit my job and trade full time and possibly trade other people money.) I have a background in IT and enjoy Tradestation and have taken to strategy trading, plus they offer helpful webcastâs and tutorials for the beginner. Iâve lost a few hundred dollars over the last few months, but mostly to being over aggressive at times. I would really like to get the peopleâs views on the following topics/questions that I have: 1. I have $5000 cash and $20,000 total (including margin) how much per month should I be trading? 2. How many open positions are recommended to have open at one time (I try to stay away from stocks under $5) 3. I âassumeâ I should stick with and master trading stocks. But when should I explore Options, Futures, FX? 4. Should I be hedging my bets at this point (ie. short positions) 5. How do you pick the stocks you trade? Do you use fundamental analysis to pick the stocks and then use technical analysis to extract the profits from the trade? Thanks Very Much!