[bluemosaic]

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?

I only use 2% per trade of my total account as risk on each trade. I am quite careful with money management and certainly not risking money that I cannot afford or that will wipe my account. it is just the daily fluctuations of profit swinging from high, to low,to loss and back to profit. Just wondered if it was simply a case me being told to 'stop checking your account so often' :-)