DislikedIve been trading for almost 4 years now, and I still look for advice and education, its never ending process.
However, I will tell you this... FEAR and GREED are your two biggest enemies. You need to define your OWN rules/triggers and trade them no matter what. You can change your rules, but never let FEAR or GREED make you ignore your rules.
.02 lots with $500 is safe IMHO, however, IMHO your going the wrong direction. You should BUY LIMIT at that level, not SELL STOP. Long term trend, for now until the end of time is UP.
ExIgnored
yesterday i had short @1639 with TP @1628 and my equity was wiped at 1645 and after 1647 PA went to 1625. so now i'm kind of scared of my own luck