So if you put on a $3500 position you stop out when you're down $35? That sounds more like a scalper than a swing trader.
No I'm risking 1% of my account per trade. Risk = difference between the entry and the stop price. Position size = 1% of Account size / risk So if the entry is $10 and stop is $9 Risk = $1 per share If Account size is 100k then 1% is $1000 Position size is 1000 shares @ $10 or 10k
Yea I mistakenly thought you were referring to stoploss per trade,not account size. However I do give my trades a little more room to breathe than 1%. Either way 17 losses in a row would be absolutely devastating and demoralizing,at least for me anyway.
At least for me my edge, if I believe it, won’t let me lose 5 trades in a row unless it’s caused by some other obvious reasons, such as emotional issues. Otherwise, I need to seriously consider if it’s a real edge. YMMV.