Yes, your thoughts are similar to mine. Its a balance and both sides have a valid arguement. Keep stop loss tight to avoid large drawdown vs give it room to breath but risk large loss if stopped out. Who is right?
I am currently using a large account and taking small positions. When I say large, I mean large for an average guy. Im not rich and its a 10k account. Clearly some people might think 100k or a million is large and 10k is small.
My positions sizes are 0.01 to 0.03. Tiny. So I am risking less than 1% of the account. However, at some point I will have to increase the size…or it will take me 400 years to make some good money. I therefore either need to grow the account or risk a higher percentage. What will I do? Not sure yet. Probably a combination of both. And also be better at trade selection.