“My trade size depends on the price of the stock and on my account size and risk management rule (Chapter 3), but 800 shares is my usual size if I am trading in the $ 10-$ 50 price range. I buy 400 shares. If the trade goes in my favor, I add another 400 shares (note that I add into my winning position, not into a losing one). I sell 400 shares in the first target, bringing my stop loss to break-even (my entry point). I sell another 200 shares in the next target point. I usually keep the last 200 shares until I am stopped out. I always retain some shares in case the prices keep moving in my favor.”

— How to Day Trade for a Living: Tools, Tactics, Money Management, Discipline and Trading Psychology by Andrew Aziz
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