Call me crazy but I think the OP should be day trading, and here is why I say that.
A guy learning to box will need to be hit how many times during trading before he can even enter an official fight? He needs to experience punches from all angles and all combinations. He needs to learn to save enough energy to make it 10 rounds, just in case he can't get a knock out in the first couple. Different fighters will also have different styles, so he will need to learn to adapt very quickly. But maybe its not so much about learning to adapt, because once in the ring, he should just be recalling his practice sessions and hence be prepared for that style.
If swing trading, there simply isn't enough time to practice thousands of times. You need to see what it feels like to get 5 winners in a row, and 5 losers in a row. You need to see at least 50 times what happens when you decide to do something out of the ordinary (ie. against your plan) and get kicked in the teeth, and sometimes rewarded, for doing said action. Its only through sheer repetition that you will learn the proper habits and make them stick.
As you're learning to box, you of course also need to make sure that no one punch can take you out for life. Maybe you
get knocked out and are done for the day, but hopefully your career isn't cut short just because someone knocks you out permanently. Likewise, your account needs to be able to survive dozens of losses if you don't get a bunch of good wins in there as well.
I think an account shouldn't lose more than 2% in one day if you aren't experienced. Therefore, depending on how much you trade, each trade should risk a fraction of this if you will be putting on multiple trades a day.
I'm saying all this because its clear that you're using the "hoping and praying" trading technique, and that is the most elementary trading technique there is. It works sometimes, but in the long run fails miserably. A better H&P system at least has stops, but you're using the most basic version of this trading system.
A guy learning to box will need to be hit how many times during trading before he can even enter an official fight? He needs to experience punches from all angles and all combinations. He needs to learn to save enough energy to make it 10 rounds, just in case he can't get a knock out in the first couple. Different fighters will also have different styles, so he will need to learn to adapt very quickly. But maybe its not so much about learning to adapt, because once in the ring, he should just be recalling his practice sessions and hence be prepared for that style.
If swing trading, there simply isn't enough time to practice thousands of times. You need to see what it feels like to get 5 winners in a row, and 5 losers in a row. You need to see at least 50 times what happens when you decide to do something out of the ordinary (ie. against your plan) and get kicked in the teeth, and sometimes rewarded, for doing said action. Its only through sheer repetition that you will learn the proper habits and make them stick.
As you're learning to box, you of course also need to make sure that no one punch can take you out for life. Maybe you
get knocked out and are done for the day, but hopefully your career isn't cut short just because someone knocks you out permanently. Likewise, your account needs to be able to survive dozens of losses if you don't get a bunch of good wins in there as well.
I think an account shouldn't lose more than 2% in one day if you aren't experienced. Therefore, depending on how much you trade, each trade should risk a fraction of this if you will be putting on multiple trades a day.
I'm saying all this because its clear that you're using the "hoping and praying" trading technique, and that is the most elementary trading technique there is. It works sometimes, but in the long run fails miserably. A better H&P system at least has stops, but you're using the most basic version of this trading system.
