I could "insert" a thousand word plays here about the title... I won't.

I was listening to Sykes YouTube video titled "150K in a Month? the Crazy Journey of 3 Extraordinary Students"

He interviewed upcoming Challenge Students Jack Kellogg, Kyle Williams, & Matt Monaco.

Jackaroo was talking about how he really got his start in trading, and said he's JUST NOW getting to $300-$500/trade. And before that, between $29K, and at least his first $100K account balance, it was only $200/trade.

Not 200 shares per trade... $200 per trade.     0_0

 

This was a stark wake up call and I was humbled. It made it easier to trade 10 shares and gain $5 on a trade given where I am. I saw everybody else making so much money and thought I had to trade more to get more. Actually the opposite is true. As long as I'm learning the true market lessons, I set myself up for bigger wins in the future. So if I'm actually making $5 to $7 (to however many bucks) per trade to learn more, instead of paying to go to college, I am getting paid to go to class. Sounds like a sweet deal.

I've also been trading less overall which has helped both my accuracy and confidence. I know it's still early, but even in the few trades I've made with this new attitude, these are the type feelings I'm feeling. Even when I gave back all my day's profits on $FRAN, I knew I had followed the rules on the way up, and I knew exactly what had caused my downfall. Consistently correcting my mistakes, especially at this account size where it shouldn't cost me much, will make me a better trader, and help make me consistently profitable when the stakes are higher and the profit piles up. 

 

Good Luck Everybody! Size Matters. Choose Wisely.