Recent content by jpennybags

I smell sulfur and ash

If you are bored and you start taking trades that aren't there just to have something to do... not good. Some folks want a little action (gambling), best not to do it in your trading account. An afternoon at the track, a beer and a sandwich won't set you back much even on a looser of a trip.

The simple answer would be... stop doing what you're doing. No stop loss... sorry; you had it coming. If you can't wrap your mind around some sound money management skills and run your trading operations as a business then you won't last long. If you want to gamble, there are the ponies...

If you are following the money management rules offered by Dr. Elder then the 2% limit for a single trade would be calculated against your entire account (every dollar). The other facet of his rules would be the 6% rule. This rule states that you can not have more than 6% risk across your...

I would say… especially in your case, as someone who is just starting out… trade with whatever risk level you are comfortable with. If you can stomach losing $200, and not lose sleep over it, then possibly 2% is right for you. A 2% limit will (pardon me… "may") keep you from blowing out your...

Put all your efforts into your studies... complete your degree... trading can wait.