risk management for day trading

Discussion in 'Risk Management' started by Gladiator4444, Aug 6, 2003.

  1. Hi everyone, I am a new member on this site...and i find it to be very helpful.....

    I've been daytrading for a few months now...and I find it very difficult to keep my losing days small compare to my winning days...I think I am having problem knowing when to stop and when to push more....at this point I don't know how to solve this problem......ANY HELPFUL ADVISE WILL BE GREATLY APPRECIATED


  2. Post a few of your real trades from today or yesterday. That'll give a good idea on what you're doing wrong.

  3. here are the trades I took today:

    sort EXPE @70.49-----covered @69.82(500shares)

    long EBAY @102.23----covered @101.80(800shares)

    long WMT @55.29----covered @55.17(800shares)

    short EXPE @70.34---covered @70.79(500shares)

    long MER @51.45-----covered @51.12(1000shares)

    short MER @51.42-----covered @51.21(500shares)

  4. It'd be great if you could include the time for the trades as well. That way I can check out the chart for the mentioned stocks.
  5. Fast Trader, do you think stock selection is more important then risk management (size of the position, time of the day to initiate position...holding time).....I will post time very shortly

  6. I think Risk Management is more important.

    The only filter I use for trading stocks is volume. As long as it trades over 1 MM shares a day, I will trade it. I could care less what stock it is, as long as it meets the volume requirement. I also like to trade stocks over $20, since they tend to move more. Most of the stocks I trade are in the $40-60 area.

  7. phantom


    cut your size until you figure out what you are doing or blow out, up to you.

    learn on 100 lots not 500-1000.
  8. sort EXPE @70.49(9:46)-----covered @69.82(10:02)(500shares)

    long EBAY @102.23(9:47)----covered @101.80(10:00)(800shares)

    long WMT @55.29(9:36)----covered @55.17(10:03)(800shares)

    short EXPE @70.34(11:28)---covered @70.79(11:47)(500shares)

    long MER @51.45(9:36)-----covered @51.12(10:08)(1000shares)

    short MER @51.42(10:47)-----covered @51.21(11:46)(500shares)
  9. this is exactly what I am trying to figure out...I think risk management is very VERY important in trading
  10. I thinK for sure paying that commish daily is silly.Here is my solution find some commish thats reasonable.You could save thousand per yr right away.This may at least allow u to stay in the game longer.
    #10     Aug 6, 2003