Money made: $134
Trades made: 60
Best stock: IPS $188
Worst stock: MTW -$78
I traded very lightly today. That MTW was a bit of a heartbreaker because I got stopped out of my short near the high of the day, just before it plunged 70 cents.
The IPS was also a short trade. Even though it was a winner, I screwed up my exits. I was short 600 shares up near the top and was scared out of most of my shares. I was scared out because I still can't figure out the mechanics of this market.
I am strongly considering opening up a second account in which I'll focus on longer-term trades. I don't think daytrading is dead, I just can't figure out how to manage the risk anymore. If you never know when a stock is going to spike 60 cents in one direction or the other it's hard to have to confidence to size up to make good money.
I figure if I take a slightly longer-term look I'll expand my loss (and gain) thresholds and those little intraday spikes shouldn't matter so much. We'll see.