Net: -147 The other day I was -262 from the swing trade but did not manage to capture my trade blotter on time due to work commitments. I thought I was slowly getting the hang of this day trading thing, however this week has definitely showed me I need to go back and work on my trading plan.. Will be paper trading until otherwise to avoid slowly eroding my 2014 profits..
Careful with the dreaded "Death by a thousands [small] stops", it can be as deadly as badly planned averaging down.
+9 net That was a difficult day. I had a number of small wins turn into losses. I was nearing my max loss for the day, but was able to finish barely to the plus side. Yes, I've experienced death by a thousand small losses. It's not that I was trying to keep my losses small by using ridiculously small stops. It was just choppy and I lost on a number of trades. Fortunately, the losses were small.