
I have been keeping my losses much smaller than before but they are annoying to deal with. I am on my 3rd red day and it is getting annoying. Depending on how this week ends after reviewing, a good chance I will be going back to paper trading for 2-3 months so I can save some more money up as well. Trading with 1000 is way too restrictive and I ended up holding my losses longer trying not to waste BP. If I had 2 or 3 trades a day and only risking 3% of my position size, I would happily take a small loss rather than have my planning all go to waste because I have to cut losses. Tim even said you have to start with a realistic amount and even 2k is the absolute minimum.
No problem man! If you want a book that really helps with trading (it did with mine) i would pick up this https://www.penguinrandomhouse.com/books/352442/the-disciplined-trader-by-mark-douglas/
@Raylbc27 I will check it out. I am currently listening to Trading in the Zone by Mark Douglas. Really helpful as well.
@Raylbc27 Hey man, how's it going? I'm on week 2 of my small position trading and it's been working out much better for me. I am focused much more on price action and not on my P/L bouncing up and down so my emotions are not all over the place. Could you maybe glance over a few of my winner and losers and just see if I am on the right track? I would appreciate it a lot.
@fastdounut check your DM i sent you..
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