Yes, I'm starting to focus on the % gains.. With a small account (or any account probably) it's the best way because you build good habits. If I focus on the dollar amount during a trade, I tend to let a stock run further than I should, because I think 'ah $40 is such a small amount, I'll let it run' .. then it starts to go back and I end up getting frustrated, and even end up with a loser, and wasted an extra 2-5 hours in the trade when I could have got out with a quick single.
That’s a great way to look at it. It’s all part of the learning process. Keep up the good work!!!
Yes, I'm starting to focus on the % gains.. With a small account (or any account probably) it's the best way because you build good habits. If I focus on the dollar amount during a trade, I tend to let a stock run further than I should, because I think 'ah $40 is such a small amount, I'll let it run' .. then it starts to go back and I end up getting frustrated, and even end up with a loser, and wasted an extra 2-5 hours in the trade when I could have got out with a quick single.
@farrelco exactly. Good lessons to be learning! Singles add up. Thats why I like % gains not $ gains
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