I've noticed something about myself. When I trade with a large account when commissions aren't an issue (I.e like 200k), I tend to gamble because I feel good making $1000 on a 100k position since $1000 seems like a lot to me. Ive opened a new paper trading account and reduced the equity to $2k and am going to take positions no bigger than $500. I want to see how that goes.
I am still watching $PURA as it has been recently releasing news and I expect more to come soon. I also like the pattern of the chart it looks like its found a bottom and is starting an uptrend. I've got 15000 shares in at $0.0282, and I want to see how long this dip lasts before it makes its next leg up. I'm looking for it to touch $0.05 as that is resistance and am willing to cut losses at $0.023. Commissions are 5% of my equity in a trade so I will not take a trade unless I know the reward is at least 30% to make it worth my while. I will see if this makes me a more careful and nit-picky trader.
Smaller accounts make me anxious about commissions and make me want to take trades with only huge percent gains, trades I should be taking in the first place, not gambles.
and if Im completely wrong and this isnt a good idea, better to be wrong paper trading than with real money.
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