Lower Position Size to improve your entries and exits

The 1 way to drastically improve your entries and exits is to LOWER YOUR POSITION SIZE.

Do not worry about the profits and loss yet as soon as you improve your entries and exits on 1-2 contracts you can increase it to 5 contracts then eventually 10.

Yes, so if you have an account between $1000-$2000 for this week focus on trading with 1-2 contracts only.

And then see how you do.

The hard part of this BASIC excercise is to see how you control your emotions. So if you decide to take 5 contracts because you felt like it.

This is like eating a donut randomly while you are dieting or going for a little smoke break just becuase you've hadnt had one for 3 days.

Its the same mistake lack of discipline.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet