Well here is the thing. I day trade, and for example today I made a killing, I guess lots of people did. But here is where I am different from other people. You see I knew on Sunday what would happen on Monday, I bought shitload of cars way before futures even started moving up at night. Donât waste time asking how I knew, this is NOT what this thread is about. It has to do with connecting dots on Taiwan etc. This thread is about doing it the way Livermore did. When I get a really good reason to do something, odds are on my side, I should bet HALF of entire portfolio. That ladies and gentlemen is how serious money is made, I am not talking 100 % per year. I am talking 500% per year. This is not gambling, there comes a time in experienced traders life when he knows where market will go with 95% certainty. I guess it depends how hungry you are. If you are old guy who got into trading at age of 40 or 50 and just want to get some extra money for gas, then so be it, trade small always. But if you are young and hungry and happen to be smart enough to trade successfully. Such a person should not limit himself to always small steps.