Disliked{quote} Nicely done Pat!! May I ask what your thoughts are on increasing position sizes? I currently risk about 0.25% on each trade, even across split positions, and yet my win rate is very high and I have a reasonable funds - I mostly trade mini lots and yet my capital would allow for full size lots and maybe several if I was really serious. However I cannot bring myself to do it, and I haven’t lost a single trade this week. Every time I increase positions I overthink what I'm doing and it negatively affects my trading. When I separate my trading...Ignored
Dear Bainbrito
The incompleteness of our knowledge regarding the market is what makes us feel emotions.
What leads us, myself included,to feel some kind of psychological pressure when trading.
I will answer it myself.
There are sometimes that you'll open a position and the market will jump directly to your SL then retrace back.
You short again and it bounces back up and never looks back.
It's possible to initiate a massive position and then watch the market move against you for in a matter of minutes if not seconds.
In this business(don't be mistaken ,trading is a business and a very risky one)you can get wiped out pretty easily and fast if you are not careful.
That's why you need emotions' control.
Every time someone earns has to remain calm without becoming overconfident and every time someone loses he has to be able to recover and pull the trigger on the next trade as if nothing had happened. - This is hard !
If and I say if we had a system that could break market's symmetrical nature then I would have no fear to trade freely all of my account on every single trade knowing that there is no chance that I could ever lose.
Unfortunately, we don't have that.
Hence for me:
1) mastering the DISCIPLINE and all the psychological aspects of trading.
2) building a system that really suits a trader goals and has positive expectancy.
All the best in your trading. Trade Safely
PAT
I come from the future.
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