That was one hell of a day
Yes, I have tried trading that way. The biggest downside is limiting myself to in-play trading with such small stakes and the fact I pretty much trade my full bank all the time until hitting around £50 (and then just keep my stake at £50), so any kind of mistake would cost me most or the whole bank.
On the upside I feel very motivated trading small stakes as I know I "can't afford to loose" - can't risk stupid trades, need to cut losses rapidly and only take safe profit and not risk my bank any longer than necessary.
I guess on the long run I am adopting exactly that kind of mental attitude, but for all trades I make, overall profit is potentially bigger
Altough I have to say my in-play stake is not big so after hitting some mark I only make steady progress and big wins come occasionally.
Cheers
Greg
