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That's fantastic. 240% return a year. Glad to hear it is doable. I'm happy with just under 2% a month.

What kind of return should you realistically expect with a 20K account?

Sound like the other reason traders fail. Not having a trading plan or not following the plan.

Why is that? Does being undercapitalized and having inflated expectations have anything to do with it?

That is why I would recommend that you start trading with shorts. If you start with a long it is easy to justify turning it into a longer term trade. Turning a trade into an investment rather than take a loss.

I would suggest the opposite. New traders often let losses run because they hope the market will come back. Being short and knowing that there is a good chance the market will keep going up forces the new trader to honour their stops. It's hard to turn a trade into an investment when you're...

I didn't think you could day trade stocks with less than 25K because of the pattern day trading rule. As a professional what do you think is a reasonable return for a retail trader to expect. My thinking is anything over the index. A consistent 15 to 20% would be above average. Inflated...

I agree; Especially with no commission brokers for stocks.

When I traded ES I counted on a couple tics slippage.

Why?

I went the other way. I found sitting in front of a computer all day more stressful. Granted you can get caught with a gap against you but you also profit now and then with a gap in your favour. I am able to make my decisions after the market is closed. I spend maybe 30 minutes a day record...

Thanks. I got the crab eaters and the bottle capper. Still don't know why I might need a viscometer even thought it was written on the machine.:)

Be nice if you would explain what the devices you are posting pics of were used for. I've recognised a couple but the rest are a mystery.

Have the discipline to follow your plan.

Thanks for the info. I'm trading very liquid Canadian stocks for the most part and US leveraged index ETFs when I get bored and day trade. IB commissions were great with shares size less than 1000 shares. US even better at 1/2 cent per share. For ETFs with no buy cost, I can scale in and...

Good start!! :D

I don't always pay a penny over; IB fills were also over or under at times with market orders. The savings are size related. 1000 shares with IB is 10 bucks. With Questrade it's 5. IB is a great broker if you are trading often and small size. I recommend them to anyone day trading in Canada.

"The Market Can Remain Irrational Longer Than You Can Remain Solvent" John Maynard Keynes

How is your search for a mentor going? Did you connect with those who offered to help?

I used IB when I was day trading and switched to Questrade when I moved to swing trading to save on commissions. I've never had a market order filled for more than a penny over or under the bid/ask. I'm not scalping so couple cents one way or the other doesn't matter to me.