I wouldn't recommend trading stocks with such a small capital because you can't make any significant profits with it b/c commission would eat it all up (ok, it depends on the broker etc.)
Instead my advise would be the following:
since you know what you can afford to risk (ie. your said 300 per week, that's about 23% of your capital) then you better should buy some high volatile stock options for that amount (ie. for the 300).
Of course you should do your same analysis you would also do for the underlying stock. If things go well you can double, or even more, this amount in a week, or simply lose it all. That's the same risk you had planned, but the reward with options is much more than is with the underlying stock or index.
Here I posted an IMO a useful table which shows what i mean:
http://www.trade2win.com/boards/tra...a-traderum-using-demo-acct-4.html#post1013934
And: as also said by other posters you should first use a Demo Account for training. You will learn much with it.
Instead my advise would be the following:
since you know what you can afford to risk (ie. your said 300 per week, that's about 23% of your capital) then you better should buy some high volatile stock options for that amount (ie. for the 300).
Of course you should do your same analysis you would also do for the underlying stock. If things go well you can double, or even more, this amount in a week, or simply lose it all. That's the same risk you had planned, but the reward with options is much more than is with the underlying stock or index.
Here I posted an IMO a useful table which shows what i mean:
http://www.trade2win.com/boards/tra...a-traderum-using-demo-acct-4.html#post1013934
And: as also said by other posters you should first use a Demo Account for training. You will learn much with it.