It helped me to look at profits in terms of percentages rather than dollar amounts. When working with smaller amounts of money, it is my opinion that you would be better off finding one good stock and putting your money down rather than trying to find several that will perform well. I'm not sure what kind of break you are getting on commission, but paying commission on several trades vs. one adds up quickly. What worked best for me when I was dealing with around $2,000 was to try to make as many quick 10% trades as possible rather than trying to find that one "homerun" stock. If you make 10% a week, your money will double about every 7 weeks. That's not a bad shake if you ask me. Just trying to share some ideas that worked for me. Sorry about the rambling, coffee is still trying to work thru my nogan.
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