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Old 01-24-2008, 05:45 PM
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Re: Need advice on risk/reward!

Don't forget that when you're trading real money, you have to watch yourself and your mental state. It doesn't seem relevant now but it will when you put down 3 contracts vs 1 contract on the line. These #s and calculations don't amount to a hill of beans if you can't manage to follow through with your intention to follow your plan. Being down $100 vs $300 on a single trade will put you in perspective quickly. Can you afford to go the next few losses with 3 contracts? Are you mentally tough enough to watch your profit/loss #s fluctuate? I say stay with 1 contract and see how you head and heart feels and takes it. Then move it up. It's about executing the plan with discipline that counts.

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