If you're breakeven or down for the year, it's almost certainly this:
If you're breakeven or down for the year, it's almost certainly this:
**You're trading too big after wins and too small after losses.**
This is the opposite of what works. After a win, you should be at NORMAL size. After a loss, you should be at HALF size until you find your rhythm again.
The reason most traders blow up isn't bad strategy — it's bad sizing during emotional periods. Your edge gets erased by variance when you size up at the wrong time.
Here's the fix: write your max position size on a sticky note above your monitor. Never exceed it, regardless of how confident you feel.
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