Togakure is right, Consider lowering your parcel size, Im not saying that I am by any means the best trader here - 100% not the best trade, but if you have a look at my tracking sheet from today (towards the top of this thread) you'll see my parcels are all max $2k, ie, 50,000 units, not 500,000 units.
To give you an idea... and I am being completely honest here. I trade with give or take $10k a day
The
most I will usually dedicate to one share in any given day is $2k.
Of the 2k parcel I will either set a stop loss or track it to a point where i lose no more than 10% of that $2k
Anyone trading can (or should) be able to lose $200
I figure I can live to fight another day on that basis.
You'll learn to pick entries in time, but the aim of the game is to preserve capital.
You'll see I traded like a maniac today, but in the long run, came out on top
I ditched the ones that didn't work, and held those that are either green now, or show promise next week
Don't worry, there is always another week
Enjoy the weekend
