I finally bit the bullet a couple of weeks ago after some months of reading and umming/ahhing. I thought I might post some of my experiences in starting out active trading, and maybe those more experienced could drop some ideas and opinions along the way. After looking through a number of trading books and forums for ideas/methods etc, I decided to cut my teeth on a trend trading system and a dividend trading type system. Given my starting capital that I am devoting to this venture ($50,000), I may find that I am undercapitalised to run both systems side by side. Anyway, I imagine I will realise whether this is the case fairly quickly. Each trading system will get $25k, with the maximum position size for each trade being 10% (ie $2500 less brokerage of $74.85 - being brokerage on buy, sell, and stop loss order). The initial objective is to a) stay alive/keep trading, and b) learn as much as I can until I get the confidence to allocate more substantial amounts to the process. A stop loss is set at buy price less 10%, this is done at entry, giving a risk per position of 1% of capital. I am in the process of moving my trading over to Suncorp, which should save about $20 brokerage on each trade. As always, my timing was impeccable, having had my first open positions only a few days before last weeks dodginess. I got stopped out on 2 of my open positions (IRE & SSX). I also made the mistake of throwing my own (extremely ametuerish) discretion into the mix, and passed when the system thew up an entry signal for JBH. The other positions are down still mostly due to brokerage. I think the key at the start is to just trust the system and ensure the exits and position sizes are always in place. It is definitely an enjoyable learning experience though and im looking forward to seeing it all unfold as the months go by. Books read recently that I have found helpful: The Art of Trading - Chris Tate Trade Your Way To Financial Freedom - Van Tharp Trading For a Living - Alexander Elder The Business of Share Trading - Leon Wilson The Way of the Turtle - Curtis Faith At this stage I am purely taking long positions in ASX shares, although as time goes by I am definitely interested in exploring the futures markets as well. Once I have some confidence I will slowly start moving funds out of my underperforming managed funds (Platinum and property securities funds) into the share trading account.