I think I have finally figured out how to trade better.  I only had one red day this month but that red day erased all of my profits for the month.  I realize now that it is imperative to cut losses quickly.  I have always been told that and it makes common sense but it is not always easy to do.  I just lost focus one day and didn't follow my rules and erased all my hard work with one trade.  I will not make that mistake again.  I just have to decide what is the max I am willing to lose.  I also am working against the stupid pattern day trading rule so some times I hate to waste a trade on a loss.  I now realize every trade can't be a win but there should never be a trade where I lose 1800 in one trade with the size of my account.  The strange part is I didn't lose it quickly either.   I watched the loss build and build slowly all day and instead of using a true strategy on this trade I used hope.  Hope is not a trading strategy.  Hope has no place in trading.  I think if you base your trades off from hope you might as well just go to a casino.  At any rate, I have leared alot.  Most of it from @modern_rock and and Nate @investors_live.  Investors underground has a great chat room and great people as well.  I don't like followiing others trades so I no longer subscribe to chat but I do follow them on twitter for more knowledge.  I firmly belive I am on my to becoming to successfull at this.   I have been trading for almost a year now and I am down a little but I don't think that is too bad for my first year with no prior exerience in day trading.  I look at the small loss I have as tuition for education.  I belive 2015 will be a big year for me.  I alos have found a new ticker I love trading.  It is UVXY.  I like the price action on it and it is really great for shorting in my opinion.  Not sure exactly about contango and a few other terms but I will learn those more as time go by.  I love trading and don't work anymore so this is my only income.  I have to make this work.  I can always return to work but there I know I am limited to a little over 100k a year.  I get benifits and a pension and an annuity so it isn't a bad job but work is slow so I hope to make enough in trading to justify leaving my job entirely.  I don't have many billls and have a bit saved up so I should be in good shape.  Thanks to all that have helped me learn and to those just starting, my advice is study, listen and use discipline!  Technicall analysis really helps for me.  At least just support and resistance.