Day Traders' Equation
                       Maximum % of profitable trades + maximum  profit  pertrade – small losses X multiple trades = SUCCESSFUL DAY TRADER.                       If you have some very large winning trades  and  yourlosses remain small then your % of profitable trades can be  less  (Week  1,NEON, trader C). A high % of profitable trades and losses still small  takespressure off of how big your profit per trade must be. If you tend  to  takeprofits too soon then your stock selection must be extra good to  compensatefor narrow margin of profit on winning versus losing trades.                       The constant that you have the most control  over  isyour loss number. This must remain small. If your %  of  winning  trades  ispositive and your profit per trade is greater  than  loss  per  trade  don’tforget to maximize the amount of trades for a higher absolute profit.                       There are many different ways  to  manage  a  winningtrade, and I believe you have to be more aggressive with moving  your  stopsup once your trade is profitable when you day trade stocks. This is  becauseof range and time limitations.