RE: Beginners Questions
(2013-05-29, 10:00 AM)bluemosaic Wrote: I am keen to hear/understand how people deal with the daily drops in their portfolio value (psychological and practical angles). For example, in the past few days my same portfolio of 4 FTSE350 open trades have swung wildly between minus 100% (loss) and plus 125% (gaining) over past 3 days (loss, profit, loss today). I guess this is due to the volatility of the index/market in general.. so should we focus on shares that are less index-linked/led? Should I just learn to ignore these ? I am really trying to discipline myself to check my portfolio once a day (just to adjust stops) but it is definitely easier said than done :-)
It sounds like you are using a large amount of leverage in your positions. Can I ask what percentage risk each trade has compared to your total account size? i.e. if your stop loss is hit, how much percent of your total account will it be?
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.