When I first started to try this day trading thing, I had a small account, so it was very difficult to make any head way trading because I didn't want to lose a single cent so I would react trade with emotions. I would get in too late on a loser and out too soon on a winner, it was very frustrating. One of the worst things to watch is a trade work out as planned but because I was afraid of losing, I prematurely exited the trade.

I watched how some big traders traded and I noticed that they were able to hold a trade longer when it was going the wrong way because they had a larger account, so they had more leeway to hold, they didn't have to pull the trigger right away to get out of a trade just to see it come around in the right direction but with a small account the idea of losing a dime caused me to instantly react and usually in the wrong direction.

Now that I have a considerably larger account, I don't fear losing a few dollars in order to gain a lot more, so I am able to hold out longer when a trade bounces in the wrong direction that being said I first have to have a plan that I completely believe in without a plan it doesn't matter how big your account is you will eventually lose it all.

"The Spoils Go To The Victor"