Online Trading and Stock Market discussion for the day March 10
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andy,
maybe this is a dumb question but ive been following you guys for a while and you seem to only trade up to 5,000 max on any one position….how come you dont trade more shares to increase your pnl?
@braveheart85 b/c increasing your share size doesn’t necessarily increase your profits. it can also increase your losses if you’re not careful. share size can be a personal thing as well.
Good answer. Staying inside your mental comfort zone in trading can be wise so as not to get too emotional. This is subjective for sure.
Andy
How much room do you give when placing a stop?
Thanks for the video. I have a question. With the watch list, do you follow those trades in your swing account? also, what do you look for when you are entering a trade aside from how the general market is doing.
I look at alot of things. What the market is doing, the setup, the volume, it’s peers, and stochastics, etc. I will use the watch list for both day trading and swing trading.
You have to figure in scalability as well. It’s a lot harder to get out of 10k shares vs 5k shares. Especially in today’s low volume environment.
well some brokers also charge more for trading lots of more than 5k..