Quote from Bulletace:
That was a nice reply post, thanks. good suggestion on the emotional part. But you have any suggestion on the technical part on the trading? and another question I have is the managers keep mention on avg , traders do about 200+ trades / days, how about for the begininer? and how much(cents per trades) does most traders(beginers and pros, both stats if possible) take in swiftrade? just wanna get a gerneral picture on how long each trade last, and what most traders usually take out from each trades. I knwo evyerone is unique , just hope to knwo what avg is like, and what should i expect int he begining. Thanks if any ex-swifttrader could help me 
Ok, on the technical part. I do most of my trading looking for rebates, not actual points, so my average points per trade is usually 0, 1 at the most. I go into stocks that dont allow for much more than that, they move no more than 10 cents on an average day, but those are also stocks where you can go in with larger blcks without increasing your risk substanciously.
However I do occasionally use a faster moving stocks, the kind that move 1 or 2 dollars per day, when I do so I do it with a reduced the size of my share blocks to 100-300, and I look for 10-20 points per move; [but note that I also risk losing 5-10 points per move, you cant do that as a begginer as it would mean close orders right away.
For beginners. you should be looking at 50 trades per day as you start your training and then increase it towards the 200 mark, I usually perform above 200 trades per day, with so many trades I get to produce enough rebates to allow myself losing up to 15 gross points with a 0 on my net balance, in a good day I would lose about 5 points gross and get a net profit of +10points.
I like using rebates as it's easier to get more stable profits. Is not as volatile as momentum, the secret is being in and out as fast as possible, so whenever you're inside you look for the fastest way out [without removing liquidity- I only remove liquidity in emergencies], just to get back in line to look for the fastest way in, and so on. And I dont allow myself to losse more than 1 point, if I see my self on -2 points I use attain to get out right away.
You shouldn't worry about profits untill you have over 1000 shares per block, you should worry about getting to 1000 share blocks.
At first it helps to go into medium-fast moving stocks, as they provide with more entry exit oportunities, then as you bcome more able to read those and start fulfilling the targets to get larger blocks
thats the way they look at my branch,
you start on 100 share blocks, 1 stock.
get 0 or better gross 3 days, with 50+trades, you get 200 shares.
get $10 gross or better 3 days in a row, with 50+trades, and move to 300 shares
get $30 net or better 3 days in a row to move to 500 shares.
[this usually takes about two months, by then you'll be looking at 4-5 stocks and you can go fully into rebate trading]
with 500 shares we require students to trade at least 6 different securities per day, they can trade in more securities or trade mostly on one of them. As they wish. They're encourage, though not required anymore to do at least 50 trades.
Once they get $50 net 3 days in a row, they get 700shares.
From then on the number on shares is given by the mpp, you simply measure your maximun points lose so that you can lose 10 points net. For instance with a maximun lost of $100 you should use 1000 share blocks.
Once you've got 1000 shares, you should be seeing profits between 75-150 $ per day, that should take you out of the overall red numbers very quickly. And simultaneously it will push you further up the ladder to about 5000 shares,
once in that range you should expect daily profits of up to 500$, with such a number of shares you could be able to graduate very quickly.
Once you've got that amount of shares you can easily try to play momentum stocks at 100 share blocks without your emotions getting involved, as you'll see a daily loss of $30 as nothing. Making it a lot easier for you to scalp 10-20 point moves. [It wont produce you any profit either, but it will let you study such stocks from an objective point of view].
