Thread by @jordanfogel

It took me 2.5 years to turn a $1k account into a $50k+ account

If I had sized up properly, I could have done it in under ONE YEAR.

Here are 3 signs to know when you should size up:🧵

(and how to do it effectively)

1. Account growth

This one should be simple

The first way to know when you should size up is if your account is growing

The key point is making sure you still have risk management

That means you should risk the same % of your account per trade

If you're risking 2% with a $10k account, that's a $200 risk per trade

If you grow your account to $15k...

You can risk $300 per trade (2% of $15k)

You can start to size up relative to your account

The moment you size up too fast, your chances of blowing up and getting emotions increase

Rule #1 is to stick within your risk parameters

2. Consistency

You should start to size up once you have consistent profits

My suggestion is at least 2-3 weeks of profits with >60% green days

Sizing up without consistency is a disaster

You shouldn't have one green week and think you're a master

Losses happen, and you need to make sure you have an edge before you take on more risk

3. Emotionless trading

If your heart still races in a trade, you're using too much size

Trading is a mental game

You should be trading with an amount that isn't a lot of money to you

If you notice you let emotions get to you because of the size you're using, you aren't ready to size up

You should size down

Once you take trades and don't care whether you get stopped out or not is when to size up

You need to be able to follow your strategy without letting emotions get involved

If you're cutting trades early because you're scared of losing money, it's a sizing issue

Make sure your sizing appropriately to where you don't get emotions

These are the signs I look for to know WHEN to size up

But HOW do I do it?

It's pretty simple👇

Going back to the first point of this thread:

Risk management

You should be risking a small % of your account

So however much your account grows, your risk tolerance should be proportionate

Sizing up is a long game

Every few weeks of consistency you have is when you size up

If you notice emotions or big losses, you size back down

Preserving your capital is key in this game

Stop trying to get rich quick

Focus on trading properly and the money will come

I hope you enjoyed this thread

Please leave a like + RT if you learned something

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