Traders Laboratory - View Single Post - 10 Pips a Day to Wealth - guaranteed
View Single Post
  #7 (permalink)  
Old 05-17-2007, 11:32 AM
wsam29 wsam29 is offline
wsam29 has no status.

Trader Specs
 
Join Date: Jan 2007
Location: Toronto, Ontario, Canada
Posts: 227
Thanks: 1
Thanked 5 Times in 4 Posts
Send a message via MSN to wsam29
Re: 10 Pips a Day to Wealth - guaranteed

Quote:
View Post
I think I can answer your question. For most people, myself included, it is easier to be methodical and disciplined when trading a contract size you are comfortable with. I trade ER2 exclusively for a living and my scale in/out size is 2-8 contracts, never trade less than 2, never more than 8. My account size has grown significantly since I began and I know I should "step it up" so to speak. Problem is, I have become comfortable with the risk I take and "stepping up" that risk would make me more emotional than I care to be. Something I need to work on for sure.
2-8 lots eh?

heck try 2-9, just add that 1 lot to your max, but it may mess with your exit ratios. :p

__________________
Winfred
Life is a comedy for those who think and a tragedy for those who feel.Horace Walpole Doubt all before you believe anything!Sir Francis Bacon
Reply With Quote