Hey,
I just uploaded all of my trades from the past 3 weeks as I promised back in this past blog post: http://profit.ly/user/Ike/blog/recapping-fridays-action--important-stuff-to-read
I want new traders to study these trades because for the most part the size I was using was just a few thousand or less. It is very possible to grow an account if you focus on small gains adding up. I enjoyed doing this because it helped me grow as a trader in certain ways.
Pros of small size: Easier to win (take wider stop plan) Less emotion and low stress.
Cons of small size: Hard to make a lot of money with this size, but still not bad because they add up!
Now, I am going to try to size back up and eventually really test my comfort zone. I want to see what I am capable of. I really don't understand how Tim Grittani does it. I would s*** my pants if I ever even had half the size on a trade that he often uses, but maybe it wil come in time. I really want to see what I am made of, but I won't push it too fast. Slow and steady, guys.
Keep me posted...lol
Awesome win %! Studying your trades now... :)
You can do it if you put your mind to it, Charlie Munger said you don't have to try and get the explosive growth, slow and steady gets you there and prepares you for the moments of fast growth. (Paraphrasing) Great stuff to study. Thank you for posting.
Thanks for sharing your knowledge and experience, hope to meet you next year in the Summit...
Join now or log in to leave a comment