Everything posted by twoyeargoal
twoyeargoal posted a topic in Day Trading StrategiesHey everyone, I've been in the community for almost 5 months now and trading live for about two months. I love the BBT community, everything I have seen and read have been super helpful. I have a couple of questions regarding 1) Capital and Position Sizing 2) Fees Ratio First one on Capital and Position Sizing. Let say if I have $60000 in my account, and I am willing risk a max loss of 2%, that's $1200. How realistic is it in practice to actually deploy the entire $60k in one stock on a morning of a trading day. Example, say AMD is trading at $30 a share, how realistic is it to throw $60k on it to long/short 2000 shares. The reason why I am asking is because I trading a tiny account that's no where near $60000. I am getting in and out of one stock with relatively quick execution with a few thousand bucks of capital. What about a larger size account like $60000. Should I expect the same execution time in DAS or longer? Basically, i want to know what I don't know. haha. So for those of you who've been trading successfully with a larger size account I'd love to hear from you. Second question is on P/L-to-fees ratio I am current have a ratio of 33%, meaning every $100 I trade, $33 goes to fees. What is the average ratio to expect that's consistent and healthy in the long run? Appreciate your feedback Dave 2Y
twoyeargoal replied to Monk's topic in Day Trading BasicsI have a similar question - is it possible to put a stop loss price at the time of a BUY. For example, if STOCK_A is $10, and I'd like to buy 1000 shares of it with a Stop Loss at $9.80, how can I put that order in at once? I'm using DAS Appreciate your help!