Jinxu,
You're way overleveraged, particularly given your level of expertise (as in "I'm sure you're a promising trader", not putting you down or anything, I'm just saying you're not a veteran trader that has opened an account with a 1,000 bucks to conduct an experiment on taking a small account to 100,000 USD).
At first I thought you were trading with so little capital because you were living in China or somewhere else where 1,000 USD may be a lot of money, but if I read your posts right you're American and living in the US, correct?
If that's the case... get a job - although I know in this economy it maybe easier said than done. I'm not gonna tell you to work and save till you have 50,000 because that would be like telling a 17 year-old kid: "No sex until marriage", but...
If you save just a few thousand bucks, say 3,500 on top of your 1,300 plus change, you'll have 5 times more capital than when you started, but your chances of "making it" trading won't be multiplied by 5 but by a hundred. Then with 5,000 give or take you can "reasonably" trade with 2 cars and as you get used to the bigger swings in p&l and provided you keep making steady profits keep adding cars as you go.
If with 5,000 you can make - on average yet consistently - 500 a day you'll be in the top 1% of traders and become a millionaire in a couple of years.
If with +/-1,000 you keep pushing your luck, you're guaranteed to blow up your account in the first occasion where you cancel your stop (because you can't stomach a perfectly normal loss of 200 USD or so) and it doesn't go back. And the problem won't be the economic loss (no biggie if you're in the US - I guess), but the devastating emotional damage and the scar that it will leave in your psyche that will make any comeback later on exponentially harder.
All the best.
