I realize I need to scale down my position sizes, get a repeatable process, track all my trades, find my different setups & once I am able to find consistent profitability I will allow myself to size up into consistently profitable setups. I realize I don't have the confidence to take the position sizes I have been taking and really need to remove my emotions from the process by reducing position sizing to start taking more at bats.
In practice, this will look like position sizing in the range of $500- $800. I'll always be aiming for a risk / reward setup of 3:1 minimum and attempt to keep risk below $100 for any single trade. This will allow me to build the consistency required, understand my A,B,C setups - and start scaling larger into A & B setups.
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