Just out of curiousity how do you keep track properly of your daytrades profitablility if you use fixed amounts of capital like that? Do you not just go off tick value ? Your profit and loss could become very hard to track.
EG
50K SHARES UNDER 10C = $50 TICK
100K SHARES UNDER 10C = $100 TICK
10K SHARES OVER 10C = $50 TICK
20K SHARES OVER 10C = 100 TICK
Doing it this way the amount of capital used in the trade become irrelevant
Doing things like that you may have a few winners at 1k then one loser at 5k that will wipe those wins.
or am i misunderstanding what you meant?
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Just out of curiousity how do you keep track properly of your...
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