So due to outside income my trading account will size up at some point this year. I could right now but I'm not quite ready. My goal is to keep my account to up to 5k in deposits and no more. If I bleed out I will chip up, but only if my trading is good.
I've had 3 -$500 trades this year, 2 realized and 1 lucky escape. Clearly I need to work on risk management and also just understanding what I'm trading.
I know my edges, they're very specific. I don't mind time in the market developing new strategies but they should be $100 positions or less.
I now feel like I have the base knowledge to succeed long term, I just have to keep working hard and keep feeding my mind so I can improve.
A big losing trade used to be so demoralizing, now it shows me the areas I need to work on.
My career P/L will be green when I'm good enough. Even if it takes me 2, 3 years I know I can really excel once I get my trading knowledge to an elite level.
Best of luck and keep running it up!
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