Mohamed, I was using numbers similar to those and also found that it didn't work so well. As you have said, the daily max loss kills your account. But bringing that down and keeping the trade risk the same means you don't have much of a chance if you start with a bad trade or two. My approach was to change to this approach: Risk per trade : = 30$ Reward per trade : N/A (focus on good risk/reward and using proper levels) Daily goal : 50$ (really good days will sometimes be 100$+) Max daily loss : 50$ (will sometimes hit around 75$) A couple of things I have found to be really important: This is the big one: I should rarely hit my stop loss. A typical example would be a by with the candle bouncing off of a moving average after pulling back. The idea I have going into that trade is that the stock is going to move up (let's say it's a long). If it goes under the line instead, then I was wrong. So of course the question then is will it just go to the next moving average which is close by? Is that moving average farther away? Is there anything that's going to keep it from going the wrong way? The point is at this stage I realize that I was wrong and I'm questioning the trade. If I don't have a pretty solid feeling of Plan B like there's another moving average close by that I can wait for, I'll sell it. I really learned this from Andrew. Where Andrew would buy a stock and then start questioning "Well is it really going to do something? I don't know, I'm not feeling so good about it" and then he would sell it. I would be sitting on that stock waiting for it to go all the way back to my Max loss. It's similar to when a stock is moving but then it just starts bouncing up down up down on the 1-minute chart and it's not really doing anything. You start questioning yourself, is this really going anywhere is it going to do something? I'm more likely to sell that stock than I used to be. Before it drops like a rock and I hit my stop loss and feel like I kind of knew that was coming. I can afford to make a small amount of money. I can afford to lose a small amount of money. I really can't afford to hit that Max stop loss in a situation like that. I only scale-out once at 50%. Or I'll just sell the whole thing if I'm at a strong resistance line or am not too sure if it's going to keep going. The point is, the fees are really taking a toll with these small buys. If I do scale out of 50% and I'm hanging on to the rest, I'm really trying to be patient and wait for the close of the 5-minute candle without being able to make a new high. This is what I mostly working on right now. I keep selling too early and then the stock moves on without me. Again, with the fees being such a big part of the picture you need to let these things run when they're going your way to take advantage of what you're already in. Another big one: I only trade 3 to 5 buys a day. Again, with the fees being so important with the small buys you can't really make money doing 15 or 20 tickets. This is also the only way I have found to successfully make myself really be patient and wait for the good setups. That's the thing about Sim, you're not really being impacted by the losses so it's easy to just keep trying keep trying. If I know that I'm going to quit after two more trades I'm going to be really careful about which two I'm going to use for that. I do a screen capture of the five minute and one minute charts of my trades and put them in a document. I also put the profit loss info in a spreadsheet with a graph. But I don't really go over everything until the weekend. I have found that looking everyday doesn't really sink in as much as looking back at the last week and looking at the repeated mistakes that I've made. You know like patterns of things that I'm doing wrong.