Discussion in 'Trading' started by gimp570, Dec 4, 2007.
What dollar amount do you get down before you stop trading for the day?
Until you stop dealing in dollar figures, you're not going to find any answer worth a damn.
The sign of inexperience in a trader/investor, dealing in absolute dollar figures.
You need to switch your thinking over to percentages, risk/reward profiles, entry/exits, and overall realized movement v. anticipated movement.
Until you can work daily and consistently without having to look at your P/L, you will not really get anywhere.
Putting daily goals on your account (like I'll stop when I'm up $X) is only going to handicap yourself in the end.
keeping these "stops" for the day has been key for me before I started doing this trading was much harder
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