trading

trading

Wednesday 30 December 2015

"BE YOURSELF. DON’T TRY TO BE SOMEONE ELSE."

BE YOURSELF. DON’T TRY TO BE SOMEONE ELSE.
"In all of my years as a trader I never traded more than a 50 lot on any individual trade. Sure, I would have liked to be able to trade like colleagues in the pit who were regularly trading 100 or 200 lots per trade. However, I didn’t possess the emotional or psychological skill set necessary to trade such big size. That’s OK. I knew that my comfort zone was somewhere between 10 and 20 lots per trade. Typically, if I traded more than 20 lots, I would “butcher” the trade. Emotionally I could not handle that size. The trade would inevitably turn into a loser because I could not trade with the same talent level that I possessed with a 10 lot."
Learn to accept your comfort zone as it relates to trade size. You are who you are. 

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