I kinda realize that but 10k would take me over a year to save up.
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How to improve my risk management for daytrading.
- Thread starter GotherL
- Start date
I trade lowfloat volatile stocks that I get in and out very quick. There is no way I can micro manage 5 of these at the same time. Maybe 2 and 3 is probably pushing it.
In that case, as long as over all your profitable then you've got to accept your losses, no point not using your account to the full your just wasting time.
I limit my trade size with a backup 2nd account, 20% of profits go into the account and if you get a string of 5% losses, you just transfer from backup and pretend it didn't happen
Blow the account, as long as you've saved enough, no problem, back at it.
Time is the 1 thing, never to waste IMHO!!!
stops in all trades. when everybody is short,,,you get short squeeze
when everybody is long you get crash.
these hedge funds in wall street doe have an effect in the 'real market'
more money is in the 'speculative ' market than the real market...in commodities and stocks.
nobody or few people buy stocks yet the speculative market or secondary market is so active.
the EFT activity or real volume is ZERO some days in some stocks.
when everybody is long you get crash.
these hedge funds in wall street doe have an effect in the 'real market'
more money is in the 'speculative ' market than the real market...in commodities and stocks.
nobody or few people buy stocks yet the speculative market or secondary market is so active.
the EFT activity or real volume is ZERO some days in some stocks.
What trading instrument are you trading ?
Also, what exactly is your current capital (not an example) ?
wrbtrader
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Back in 2012, bought FB @ $24, AAPL @ ~$500 (pre 1:7 split) GOOG @ ~$600 (pre 1:2 split), then I bought and read his book, put an 8% stop on them. Stopped out, all of them.
Still trying to get back into FB and AAPL. Bought GOOGL back @ ~$1,000 (post split).
Back in 2012, bought FB @ $24, AAPL @ ~$500 (pre 1:7 split) GOOG @ ~$600 (pre 1:2 split), then I bought and read his book, put an 8% stop on them. Stopped out, all of them.
Still trying to get back into FB and AAPL. Bought GOOGL back @ ~$1,000 (post split).
I think Investing is different than trading.
If you’re not leveraged you can ditch SL.
Just allocate x% and let it grows up.
Went into cryptocurrency long term.
Lost 50% up to a point. But a loss not taken isn’t a loss.
Day, swing, trading is different as you’re leveraged and can lose your entire account in the process.
Back in 2012, bought FB @ $24, AAPL @ ~$500 (pre 1:7 split) GOOG @ ~$600 (pre 1:2 split), then I bought and read his book, put an 8% stop on them. Stopped out, all of them.
Still trying to get back into FB and AAPL. Bought GOOGL back @ ~$1,000 (post split).
Guess you needed to rebuy.
Still waiting for FB and AAPL to drop to near the SL point to rebuy.
100% in agreement. I no longer put a SL on my B&H.