SPDR S&P 500 (SPY)

[farooq]

GLENO34,
Day trading has few things in common, most of the ETF trade in a range like QQQQ range is about 50 cents in say 70 percent of the days so what it does it fluctuate about 20 Cents in first half hour and then start a trend which can be good for 40-50 Cents so today it went down to 43.63 that gave us projection 44.03 to 44.13. If we had reversed from 43.80 targets would be 43.50. As a trader if you capture 30 Cents that is very good and that should be your target. Trade short term; and for multi month views use options as spread. Suppose you think market is going down in a month or so buy 46 Feb put for 2.35 and sell 44 for 0.90 your risk is now 1.45 but if you are correct you will make 2 $ for each share if you are wrong in short term which we all are short put will lose money so you can buy them back and that reduce your cost basis. Or plain Vanilla if you are short buy equal calls to hedge, if you are day trading then 10 15 Cent stop loss. You need to start with real money when you have 70 % + paper results.
Another way is to use some service like TMG and follow them, I have modified NERS according to my needs and it is working well.
So good luck and trust me with hard work you will make it. Always keep it simple.