If you make a Bad trade and everyone does.
10% stop loss is a $100. loss not bad for a cash account $20,000 portfolio.
If on the other hand you are putting in $10,000 trades 1/2 your portfolio with no discipline for a 10% stop loss and you ride a trdae down.
You have a problem.
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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.
