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There's a more important lesson you could take away from this trade. You went long and it broke your price, then support at the low of the day. At that point you should have been bailing any way you can...but instead you took the position overnight putting yourself at huge risk. You could...

It was jumpy for a while...tough to hold on. Luckily I was able to keep most of my position for the free fall.

Hope you used a tight stop...i'm short till the close unless it stops me out at 32.

How does it not apply? New traders seem to think buy low, sell high is all there is to trading but there's so much more. It's about buying at the lowest risk price and selling at the highest return price (or vice versa for shorts). A couple examples for NYSE: -You are a momentum breakout...

A "hard" market is nearly perfectly efficient and arb'd completely (like ES, NQ, YM). An easy market is like NY where specialist handling rules create innefficiencies, or Nasdaq where a large order(s) on a smaller stock can run it 5% in a matter of minutes. Just a couple of examples...

Ego and stubbornness seem to be a problem here. For example instead of realizing the reality that futures trading is considerably harder than stock trading you say that futures traders just make such big $ that they wouldn't post on the P&L thread. There's another clue here that you are...

Ok so those are the bad things you can do as a learning trader. Now what are the positive things YOU have done? What have you learned that can actually help you get positive? Did you ever try a journal? I think from some of your posts that you trade futures. Did you ever notice that...

This is a pretty funny comment. If you share with us what you have tried over the past few years, and maybe someone here can steer you in the right direction.

My system shows 14.70 as the open print. There was some premarket activity in the 14.20's.

2% for remotes is too low. I talk to 5-10 remote traders every day that are profitable. Does that mean there are 1000-2000 unprofitable traders to offset just these guys?

Yeah they just get comm's. Brokers are in the commodity business these days. You can get low rates and a lot of leverage if you are profitable and/or do a lot of volume.

Nobody really gave you a real answer so here you go... They are referring to pre-margin deposit. It sounds like you are going to do the retail option giving you $120k to trade with (30k*4). This is enough to test the waters and find your niche, but not enough to make a living in most cases...

This may have been covered before :-) http://www.elitetrader.com/vb/showthread.php?s=&threadid=35331 http://www.elitetrader.com/vb/showthread.php?s=&threadid=42807

www.trade-ideas.com I use it every day, never had a problem.

If you have a $200k and are using 2:1 margin to make a living then that's excellent, but if you are talking about a $20k account then yes, you have a lot to learn still.

This isn't relevent. Everyone here that actually trades for a living is trading with margin anywhere from 4:1 at a minimum up to 2000:1 (not a typo) or more. If you have a $20k account and have $2m to trade with could you live off 10%? Hell yes!

I agree with Triple. Scottrade is killing you. Saving $60/wk is $420 putting you into the green. At this stage don't worry about percentages because your account is too small. Whether you are up or down a grand at this point doesn't really matter. You are doing fine, now it's time to...

Old Trader had great advice earlier with "The idea is to take a position at a time when you can risk a little for alot." I've had successful strategies that have an 85% win rate, and others with around 35% win rate. That part really doesn't matter compared to how much you are risking upon...

10:1 is the minimum provided by most prop-retail firms (like Genesis, Bright, Assent etc). You can often get much more than that with some experience and trust.

Set an alert on the stock so when the news hits you maybe aren't the first to get short but if you are quick you can still make some good $ legally.