When you have a bunch of winning trades, and you start rapidly increasing your position size... that's when you set yourself up for a massive loss. Instead of double and tripling your position size or leverage, increase your position size in increments 5% or 10% during runs.
This will help you ease into trading larger sizes. Trading 100k contracts is very different from trading 1MM contracts. Having to account for slippage, liquidity, and other nuances that come with larger positions is best learned gradually as opposed to losing big on one trade.
There will be times where you're completely in sync with the market. It will feel as though you may know exactly what's going to happen. Do not be fooled. Understand which market conditions are favorable for you to trade in and size accordingly. Review previous errors and learn.
Price action, volatility. l/s ratio. These are all HISTORICAL. They are not predictive in nature. You can sit and analyze charts all day long, but at the end of the day nobody knows which way the market will go. Despite what people might claim. Anyone claiming otherwise is a fool
You're going to run hot. You're going to feel like a genius. You're going to make a ton of money. Just make sure you withdraw...
Peace.
Peace.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
