For new traders, they recommend 1% of capital which is $4,500 per trade. Place a hard stop loss after entry too. Most times, you do not lose 2% (total loss), maybe, 0.5% or 1% tops. So, even after several losses, you are still A-Okay with most of your capital intact.
Another day trader bites the dust
- Thread starter teewoods
- Start date
For new traders, they recommend 1% of capital which is $4,500 per trade. Place a hard stop loss after entry too. Most times, you do not lose 2% (total loss), maybe, 0.5% or 1% tops. So, even after several losses, you are still A-Okay with most of your capital intact.
18months, seen people lose 100K in weeks, bright future, just got to build his margin only money via Mini's back to the 550K won't take long.
$200 losses, scare the crap out of me and get me all emotional, so not surprises if trading with that kinda $$$'s.
Operation funded and it's not my money or real money just numbers on the screen I think, to take the pressure off, he should try LeeLoo much less rules than TopStep.
$200 losses, scare the crap out of me and get me all emotional, so not surprises if trading with that kinda $$$'s.
Operation funded and it's not my money or real money just numbers on the screen I think, to take the pressure off, he should try LeeLoo much less rules than TopStep.
LeeLoo??
How many of these types of tryout Firms are there
I suppose competition is good.
What was he day trading?
It is easy if automated.
Just code your Algo to bet small initially and then ramp up quickly as profits are made.
Tell it to cut back when losing, especially when near the initial account starting value.
Day trading is dancing with the devil. The big money is made in the sitting.