So in our study material, it talks about the importance of taking your losses early, which is what I've stuck to thus far. but I've noticed that in my loosing trades, almost everytime if I would have stayed in the trade a little longer, I would have ended up winning within 10 minutes or so. So this week I'm going to set up stop loss to 10 ticks (up from 4 ticks), which means when i have a loosing trade, I will loose $250 instead of $100...but the idea is that I will loose much less frequently (not that I am having a ton of loosing trades in a day...1-2 generally).
I don't think that I've mentioned before that I learned that in order to trade the S&P, Infinity Brokerage requires a $5000 deposit. Although there is only a $1200 minimum (if I remember right), I am going to have to fork out $5000 up front. But, if I just wanted to trade in the FOREX for a while, there is no minumum, I could trade $100 if I wanted. So I'm not sure what I'll do to start. I've had good luck trading the S&P minis so far, I'm somewhat inclined to stick with that.
Initial Investment - $525
Monthly Acc Cost - $250
Acc Revenue - $175
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