I think we have all been bagholders @ least once (Some Worse Than Others, Cough Cough) Stay Tough!

Keep on truckin!

Taurus you make some good points. Also, paper trading is a good way to try to learn consistent set ups

Definitely set your limits bro. As a combat vet myself, it was discipline in the Army yes, but this is a new type of discipline. You are talking more mental fundamentals when dealing with money. Limit yourself, and don't try to get rich quick. A good 250-500$ a day is what most dream about anymore. Trading with a 5000 account as mentioned and using up to 10% on day trading is enough.

I recommend that you fund with at least 10k to start but you'll be PDT restricted if you're American. It's better to have 30-40k if you want to day trade equities. For futures, I recommend 5k or better 10k per contract.

RE: the percentages, if you're underfunded, you'll realize that you're risking a lot. If you're using all of your funds,then you're taking on too much risk. "Never put all of eggs in one basket." It's better to risk 1k to 2k on 10k+ vs 500 on 1k account.

Yesssssss, start with my http://howtomakemillions.com DVD!

Yeah you can follow pumpers and this is one of the best ways to do it. One of the recent new stock promoters that is hot to follow and is getting better each time are the pumpers of the stock EURI. Go to stockpromoters.com and you can look up ticker symbols to see if they are being promoted.

@DKingston Thanks for sharing! Happy Holidays!

I would recommend making 2 fresh email accounts: 1 where you sign up to every singly promoter under the sun, and the other for the ones that are worth a damn. Make a preadsheet tracking every single promotion and find the ones that are not sub-penny stocks and the ones that produce the most volatility with the biggest volume. Then sign up to the best ones and either buy faster than anyone else, or short it on the way down. I hope that helps:)

lots of info in theses answers thanks guys