Tuesday, January 30, 2018

January profits (analysis and reflections to come later)

Position sizing

Just a reminder to respect position sizing and the importance of not being in a hurry to size up once profits start rolling in.

When the chart pattern, price action, and catalyst line up to my predetermined specifications, I will not hesitate to be a big fat pig.  But it took me hundreds of trades to get to this point.  

It’s easy to get impatient and overly confident -- believe me.  Especially after making a few winning trades and seeing some of the impressive profits charts on this site.