Quote from DanS:
Done! Equity went under minimum required to continue trading. Not sure what I'll do. I just can't figure out why I couldn't get it.
Guess I'll see if I can find a $15-20 an hour job. Not sure If I will ever be back.
sorry to hear your out, if you decide to come back, think of this:
For small accts:
1) make few decisions as possible using larger timeframes.
2) get another job while you use EOD data to place entries and exits.
3) think of ways of making 20-40 points instead of 2-4 points.
4) wait for volatile days trade exponential moving average crossovers religiously. (day trade)
5) place your position trade stops where the stop signifies a reversal in trend. (price outlier)
6) study metrics about: trends: moving averages, channels, trendlines. Consolidation zones: average true range.
7) when you need to make money to survive and pay bills, the need to make money drives more decision making on shorter timeframes. Its a loosing proposition.
8) bid and offer at 20-40 points spreads.