Just to give you an idea of the thought process and how this works, today was starting off iffy so I was entering positions very small, hesitantly.
I first did a larger GOOGL trade, then a very small AMZN trade for 2 pts @ just 100 sh (actually that was a SHORT 2777 to 2775 I should have just held that one that would have made all the money for the day in one swoop as AMZN ended up dropping to 2725!), but I was more eyeing GOOGL because I've been doing really well on that one lately.
On this second GOOGL trade I started much smaller I bot 100 GOOGL @ 1423 but when it dropped heavily another 100 @ 1413.
At that point it kept dropping. I needed at that point to get serious, as adding in piddling 100 share lots wasn't going to do it. I entered a few orders to buy at ever lower points, but cancelled them as it looked to me that it would drop even further. I was going to buy in 800 to get to my usual share lot of 1000, but decided to bring in 900 to lower the basis sufficiently.
Finally I bought in at 1396. This gave me now 1100 shares averaged at 1400. Yes, that's $1.54M worth of Google in one trade, but I was prepared to buy more if needed.
Fortunately, it wasn't needed. Although it dropped as low as 1386 and change - at which point I was down something like $14K, I didn't need to average back in. In this situation I was sure it would pop its head back over 1400 at least, so I put the order to dump the whole 1100 at 1400.5 which would make me - really nothing - just $550., but the objective was to get out of the trade and do some other trades, because in the meanwhile AMZN was running really well and I needed to get back to larger lots, more like 500 or 1000 share lots, of AMZN trades, now that I could see the pattern. AMZN had bottomed out and was running back up, so longs were in order.
GOOGL did just barely make it to just under 1401, FILLED, and then collapsed again down to the 1395s.
I had a previous GOOGL trade, when it was rising faster, that made a grand, plus the two hunny from the dinky AMZN trade, so that's pushing two grand from these three trades.
And onwards.
If you have the buying power and the ability, it's hard to lose even on a day like this. A grand here, a grand there, it adds up to about ten grand a day just trading like this. Yes, you need a lot in your accounts to begin with to make ten grand a day SAFELY (because then if you get stuck, you may average in more shares or ride it out past today if need be - no margin calls for MDawg! he trades all cash), but still it's all good.
And in the meantime I also have long term GOOGL shares that were bought so long ago that little drop like today doesn't matter in the long term scheme of things.