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Old 05-16-2008, 03:30 PM
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Sledge Sledge is offline
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Re: Busy Day Tomorrow

Torero-
I was given some wonderful advice in my travels that has stuck with me over time. I was told that if I have a loss- to not only analyze the loss, but possibly move my position size down until I get back into my rhythem.

So as an example- if you trade a 2.00 lot on a daily basis. Move your next market entry to a .50 lot or a 1.00 lot. This way you can work back into your "groove" and if for some reason you are still in a "funk" and do lose again- the results will be less detrimental to your account balance!

Sledge

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