well what do ya think? in various books ive read about money management they usually tell ya to get out of a trade when your down, at a maximum of, 2%, so that you can take successive losses. well what about those of us who only have 10,000 bucks or less in there accounts? thats only 200 dollars! now, i look at that 200 dollar limit and say that means i can only do day trading or i have to have darn good timing on longer term trades. right now im am solely focused on gold futures and that represents only 20 ticks of price movement. i dont know how $200 is in other futures, stocks, or options. another way im thinking about going is just limit my loss on a trade to definite amount. lets pretend that i got 10000 dollars and a gold contract costs 2500. that leaves me with 7500 in my account. if i say 200 is my definite get out amount i can trade 37.5 time with 1 contract (not factoring in commission, profits, etc) until my account is empty. adjusting that amount effects more that how many times i can trade, it also effects the amount of market noise i can withstand on a trade. whats a low capital speculator to do?