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What do you mean by trading purely on numbers? Elaborate a little please.

I think you would have an option to sell either the shares boaught on Mon or Tuesday. I could be wrong of course.

Finally took a trade. HSC 100 @ 19.8099 Stop @ 19.50 Target Profit @ 20.60

Hey, I appreciate the suggestion. I took a look at the website, it seems like it could be worth it to transfer my account. I'll look into it a little more and decide if I'll switch over. I wonder why they aren't mentioned on stockbroker.com.

I know. It's actually the cheapest deal I found. I could use another brokerage which use the per share model but that usually requires a larger minimum. I'm currently in the process of saving up for a PDT account so I don't want to put that capital at risk yet. I'm looking at making $20-30 net...

Still no trades. Staying in cash. Not a big fan of the way the market is moving right now. Is this what it looks like when the market is forming a base for the next uptrend? :confused:

Thanks for the advice. I'm trying to get 1% per trading day. Unfortunately no trades today. I was sleeping all day, tired from work. When I woke up and saw the market going down, I wanted to take a trade but there was an error at the brokerage with my BP. Does this ever happen to anyone?

Awesome, I got some replies! Thanks, I realize that my win percent isn't high enough. To be honest going into those trades I didn't even take note as to what my risk to reward was. I need to learn more about that. As far as setting stops. I've been hearing a lot of negative things...

I've decided against using Trade Trakker any longer. I don't like some of the aspects of the software. So instead I'll be using Excel to track my trade history from now on. At least until I find something more intuitive and automated. I got the idea from the layout at www.daytradingradio.com. I...

:D

I understand what you're saying. I appreciate the perspective of someone who has been there before me. Thanks. I'll preface this by saying this may be a stupid question. Does anyone know of a free squawk box? Or one that is at least substaintially cheaper than the one previously mentioned?

I don't think I just answered my own question. lol I don't know enough about the sqwauk box or the stock market to make a sound enough judgement as to whether or not it will be valuable to my trading. I'm obviously a newbie.

Why?

I just checked out Traders Audio. For the S&P 500 Pit Broadcast it's $125.00. I hope that's annually if not a one time fee. $125.00 a month seems a bit absurd.

No, I sure havent. Thank You.

Well said!

I think I get the gist of what you're saying. It's cheaper for them to have their cost the way they do. Most of it went over my head though. I don't really understand cost structure. I do appreciate the help. Thanks.

I was always wondering about this as well. Thanks for the clarification. The IB commission rate sounds like a pretty good deal. I'm currently paying $4.95 per trade with Zecco. How is it that they can stay competitive with such low commission rates?

What do you mean by "cars"?

You seem like you had everything figured out. Why did you buy facebook? Also, I'm rooting for you. I'm sure you'll reach your 50% goal. Keep the updates coming!