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I think trading can be learned. My first try at trading was about 2 years ago. I invested $6000 and made $1000 in about 3 months. I was just lucky. Last year I tried again and got caught by the selloff in October. I turned $14,000 into $4000 in about 2 months. In both cases what I basically did...

I'm a new trader and live on the west coast as well. I've been at it full time now for about three months. Lately I've been getting up at about 10:00pm PDT. The first thing I do is check the forums to read what others have to say, it gets my motor running. These guys at Elite are really great...

ALEX It looks like you can still daytrade with a cash account that is under $25,000. The new rule only applies to accounts that are enabled for margin. A plain cash account doesn't have the leverage of a margin account and you can't short stocks but other than that there is no difference...

Magna This will caculate two levels. Pivot point = P = (H + L + C)/3 First area of resistance = R1 = 2P - L First area of support = S1 = 2P - H Second area of resistance = R2 = (P -S1) + R1 Second area of support = S2 = P - (R1 - S1)

These are quotes from the new rule. "{a. Minimum Equity Requirement for Pattern Day Traders - The minimum equity required for the accounts of customers deemed to be pattern day traders shall be $25,000. This minimum equity must be deposited in the account before such customer may continue day...

Hello everybody. I've been papertrading full time for about 2 months so my experience is really limited. I am focusing on intraday trades only. I'm considering taking a small position on POWI (300sh)intraday for the next 2-3 days. The 6 month chart with day bars looks like it might fit this...