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Please #1. In this kind of market a 10% mental stop loss is a Must! If the day trdae goes down 10% then you lost on that one. You should be putting no more than 5% of your portfolio in on day trades. So if you have $20,000 in your account. That's a $1000 trade.

12:42 AM · Dec 29, 2021Twitter Web App

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Would you use the same percentages for swings?

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I am choosey on my day trades, therefore I'll go as high as 50% but finger is on the trigger and I only take 10-30% gains and take them immediately....swings are about the same.

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...and I might add, I'm so choosey that I have only ever had 5 major losses on day trades, 2K was the max. But I'm also only day trading 1-2 times a week, the rest are swing plays. I'm also so choosey that I often miss trades out of being too conservative...

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For those of you who cannot respect a mental stop due to second guessing, what if's ect.. A hard stop is a must. Regardless if a spike takes you out, you're playing the probabilities, you're playing the long game.