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发表于 2010-4-2 08:10 PM
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本帖最后由 yaobooyao 于 2010-4-2 19:15 编辑
Thank you for your answer.
I am confused, who makes the trading decisions for you, or you, ...
ranchgirl 发表于 2010-4-2 19:06 
Day Trader makes his own decision in real time. Nobody can do it for you except yourself. DT Firms set very tight daily max loss($20 ~ $500 depends on your ability), once you hit the line, you are out rest of the day. So you can see everything about Day Trading is not about making money, it's about control the loss. Any trading is like that.
So the math is simple now, let's say you can't loss more than $20 a day:
1. If your average loss/trade is $2 (2cents per share, 100 shares per trade), you can afford to lose 10 trades in a row as the worst case scenario.
2. If your average loss/trade is $5, your chance will be much less.
3. If your average loss/trade is $10, you can be wiped off before 9:45am, that's 15min after the open.
Ask yourself, what's the best strategy here? Limit loss to $2/trade or $5/trade? Is $2 loss/trade possible? Is it too tight? If so, how to trade? |
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