My advice to traders that are losing is to still continue to trade, but using just 20% while 80% should go into holding. What do you people think about this? Out of 100% fund, what percentage can you advice a trader to use?
Why not hold 100% for long term gains? If they are losing money it doesn't make much sense to continue insisting on this practice. Instead of losing 20% of their portfolio today, they should be profiting 20% more futurely, from long term tradings. I think someone who attempted day trade for a considerable length of time must feel regretful if he calculates how much he has already lost with bad trades. That represents money that could be put in good use if he had simply held for longer, until the market started pumping again. People venturing into daily trading must think carefully if it worths to have more headaches, spend more time to end losing money after all.