Tuesday, January 30, 2018

January profits (analysis and reflections to come later)

Position Sizing

*** old post I found from 2013/2014 ***

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 all line up to my predetermined specifications, I won't hesitate to be a big fat fatty pig.  But it took me thousands of trades to achieve this level of confidence.

It’s extremely easy to get impatient and overly confident, especially after making a few successful trades and seeing some of the impressive profits made by top traders.

Performance for week of 1/22, reflections and goals for February

Week performance: +$5.7k