Day Trading.
Since there are so few big % winners.
I’ve been use the 10% rule.
Buy a stock at the right price.
Put in a 10% mental stop loss.
Use a 10% profit as your focus point to take profits. Take your profits and either hold some or wait for a drop to buy back if you choose.
Conversation
I’ve been using 5% and reentering if the movement is still there. I may need to increase slowly to match you.
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The art is to find the stock at the right price (low float, no algo on it, news, ....).
Yep that’s been working for me too. 5% size with a 10% target, done twice is a 1% account gain.
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🙏🏾. Been a game changer for me. Have to get out of the mindset of the past 2 years. Our time will come. For now focus is on being consistent and profitable. As well as preserving capital.
Thanks Brian. I’ve lost on the expectation of higher highs of late so discipline is the key
