How To Manage Position Sizing
Вставка
- Опубліковано 8 лис 2019
- Want to Learn More ❓❓ Get info on My Strategy and Courses here: www.warriortrading.com/strategy/ 📈
Before we continue...👀
💰Remember, day trading is risky and most traders lose money. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
❗❗My results are not typical. We do not track the typical results of past or current customers. As a provider of trading tools and educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole.
❌Do not mirror trade me, or anyone else. Mirror trading is extremely risky www.warriortrading.com/why-mi...
🍏 All of the content on our channel is for educational purposes only. No data, content, or information provided by Warrior Trading, the Site, or the other products and services of Warrior Trading, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy.
✔️If you don’t agree with those terms and our full disclaimer (www.warriortrading.com/discla..., you should not continue watching our videos.
Still with me?
Now let’s dig into some helpful information …
What’s my story? ✏️ You can read it here: www.warriortrading.com/ross-c...
And check out my broker statements here 📝 www.warriortrading.com/ross-c...
Our website is filled with free info 🔎 Start with this guide, no opt-in required: www.warriortrading.com/day-tr...
Learn about my stock selection process, how I determine entries/exits, my strategy, and more in my free class 💻 Register here: www.warriortrading.com/free-d...
#daytrading #warriortrading #rosscameron #stocks #learntotrade
Warrior Trading // Ross Cameron // Day Trade Warrior
I really enjoy this format. Really good stuff keep it up. Hopefully, you do more videos like this.
Ross, would love a video on false breakouts and how to trade breakouts properly
Yes I can definitely do that!
@@DaytradeWarrior Did this ever get done??
You've said it before. Reaching that sorta Zen level of trading where you do the same no matter what's going on is the perfect trader. I believe its absolutely impossible to trade without emotions.
Yes totally!
I was totally struggling with increasing position size too fast, and the emotions that come with that. I'd always pick the worst trades to jump into large (usually after a run of small wins). To combat it, I shrunk to a comfortable size, and did a 20 day disciplined schedule. If I traded more than my set size, I had to start over until I was successful with not allowing FOMO and ROMO to affect my plan. That 20 day sample size seems to be the minimum to get a feel for a change in your system. A nice backtest would help too!
That's a good strategy Michael! Back testing is also valuable!
Love watching these... hoping to get another account going and back in the chat room when I can save some more chedda! Keep slaying Ross!
Thank you!!
Gavin has answered my questions 1000 times via support tickets. First time seeing him and It’s cool to put a face to a name.
right on!
Love your vids and honesty, Ross! Have been watching for years. Was wondering if you have a course for people who already know technical analysis and just wanna see what your strategy is like! =]
Thanks James!!
HAHAHAHAHAH...
Ross u r the best....LOL keep up the sense of humor...great topic, thanks for sharing.
Thank you!!
Another great video for weekend study. I learnt: (1) Constant Sizing 3k seems to be supported by historical data to smooth out P&L and still hit target; (2) treat occasional large size 20K as outlier for A-setup ( which is outlier itself already);(3) your emotion after negative P&L is a D-setup like pure gamble
Right on man!!
As always a good video. I have to suggest however that when trading it might not necessarily be trading itself throwing you off. Take a few steps back and make sure you are not missing something. Could be that someone else is on fire and feel the pressure to do better, could be something as simple as a change you unwittingly let pop up in life. But step back look at the entire picture and make sure. I know I get too focused sometimes causes me to neglect other things and got to rally back and get general life back in perspective. Keep up on the video's though you are great Ross!
Yep for sure Matthew, there can always be outside influences.
Great video Ross! Lots of good info here, wonder what the result would be if you took a months worth of trades data and ran it through a spreadsheet with a position size of 3000. How different is the result to what you do instinctively? Love your course as well, the best one out there!
Thanks for the thoughts! That would definitely be interesting data to look at. I'll forward your feedback to Ross!
Great info. Very difficult topic.
Thanks Kathleen 🙂
Thank you Ross.
You're welcome Esteban!
This is good. There is no definitive answer, and I feel like all the time I always make the wrong decision when to go bigger. What's worse is I always see why I shouldn't have gone bigger (or traded at all) in hind sight.
So true.
Thanks Cindy! Appreciate your comments 💪
Enjoyed it
Thanks Tammy!
I use a spreadsheet that sits on my iPad on my desk to calculate position size. I have to input account size, share price, ATR, swing low, and percent of account to risk per trade (I only trade long). It spits out stop loss, target price per share as a ratio and profit targets as a percentage, total at risk, and risk per share. Its slower than jumping in on intuition but it helps me see relatively quickly whether or not I have a realistic expectation of the trade's outcome. I often visualize the moon but the spreadsheet says "not likely to happen" most of the time.
👍🤓
The way I like to determine size is by not altering my risk so my size increases as my capital increases. I like to trade futures so since contracts are larger increments I add contracts less often but over the long term I find that it averages out. Stocks are more flexible as you can increase in smaller increments so you can increase more often but the same concept applies.
Right that makes sense. It's tough to do, but makes sense.
@@DaytradeWarrior , Yes it is tough. It took blowing up an account for me.
Hello Ross! first of all, I enjoy and learn something new from every video you produce - thank you. Every time you speak about risk, you do it by measuring the number of shares in your position, instead of measuring by the dollar amount. If I am considering entering a position for a stock at a price of $20.00, I would do so thinking I want to place the order not exceeding $10,000 (this is my limit per trade). So I would buy 500 shares. However, if the stock is $10.00, I would buy 1,000 shares. This way the size of my order remains the same for either price, $10,000.00/order. Should I not think in terms of order size? Thanks.
This is a great question, and something Ross explains in detail within the Warrior Pro course! If you haven't had a chance to attend yet, the best way for you to learn more would be to join us in the next live Warrior Trading webinar. The webinar is free to join, and you will receive a copy of Ross' best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/
12:53 "You're trying to outshine me in my own video."😂👍
Haha yep!!
Hi Ross, your hoodies its a second time now i'm noticing you, where do you get them please king?
It's a Fendi hoodie. You can get them online.
You should do sound effects as part time job, saving up to your $500 small account.
Ohh yeah! That’s a good one!
Hey ross , just watched your video and in my opinion i think you should consider switching bias! or to even mid - cap or large cap stock if the markets are slow what ever to adjust to the market conditions . , over the past weeks i watched you make alot of money on home run stocks just to lose it all which proves inconsistency, or maybe im wrong! id like to hear your opinion
That’s a good thought! I’m thinking about it!
What's your opinion on averaging up as the trade starts working out? Sometimes the pumps can be so quickly it makes it hard to do effectively I guess
I know that’s exactly my challenge!
Ross, I've been considering CMEG for a while, when you sign up it says DAS or Sterling, any difference?
I like sterling better! They have better customer support, and for that reason I license their software to use for my students who are training to go live!
~ Scaling out... It's about leaving a trade early enough for buying continuation to allow the up-tik to sell your position of the trade, locking in profit.
Yep that's it!
This is an unrelated topic, but do you worry about incurring deferred losses from wash sale rule? or do you just have it worked out through traderlog after each year? thanks for all the instructing you share.
Hey! I don't have to deal with wash sales since I've filed for mark to market accounting.
My position size depends on the history of company I invest in... I don’t buy stock until I know the company. Also I think twice before investing in stocks that move very fast.... for example, I buy 1000 positions in few companies that may move only 0.10 cents during day, 5 such companies can easily make $500 if my picks are right..
That’s an interesting one, that doesn’t work really well for my day trading strategy.
I have one question: who is Gavin? Why he is qualified to speak about share sizing? It would be nice if you introduce the people you are talking with on your videos. Just a suggestion Ross =) Thank you for the video tho, you rock!
Hey! Gavin is one of my students that I hired to work for me. He helps me with member support tickets when he’s not trading!
Wow! we're forever ready to be part of your community because you always bomb us with fantastic videos filled with incredible information. GOOD JOB. I need your help with these questions.
1. What criteria do you use to select stocks that have the potential to spike higher?
2. How do you scan for momentum stocks and what software do you use for scanning?
3. May I know the broker/platform you use for trading and can I use it here in West Africa Ghana?
4. How do you identify a pullback in the market?
5. Do you believe in news, if yes? what makes it credible and where do you find them as well as how do you fish out authentic news from noise in the market?
Those are all great questions! The best way to learn more and have all those questions answered would be to attend a live webinar. If you're interested we have an upcoming live webinar taught by myself, Ross Cameron on Thursday, November 14th at 1:00pm EST / 10:00am PST. Ross will be teaching about his day trading strategy and how day traders can start with as little as $500. Reserve your spot for the live workshop here: webinar.warriortrading.com/live-online-workshop-november-14th-2019
Hope to see you there!
I've been watching you trade for 8 months and I've seen you taking larger size to offset the smaller rips that have been happening this summer. As someone who is looking to make $100 a day, my plan is to take 1k shares and sell after it breaks 10 cent.
I think that makes perfect sense!!
Hey Ross!
I would like to ask, what do I have to pay attention for at selling, if I am scalping with bigger position sizes (100k-200k USD)? Volume or Float? Or at this level I should better scale out gradually than just sell all in one?
Thanks a lot!
The best way for you to learn more about my trading strategies for bigger position sizes would be to join us in the next live Warrior Trading webinar. The webinar is free to join, and you will receive a copy of my best selling ebook "How To Day Trade" just for sticking around until the Q&A! You can learn more and register here, if you're interested: www.warriortrading.com/free-day-trading-class/
@@DaytradeWarrior Thank you very much! However I have already joined your previous seminars and read your book, but I am still curious about trading bigger share sizes, what I have to look for if taking an entry/exiting all in one for example without scaling. Thanks a lot in advance Sir!
When would it be too dangerous to entry/exit all in one? I do not want push the price too much I mean or scare other sellers and force them to sell too, maybe to early, before I could exit
@@markeger7611 time-and-sales can give an idea of how the market reacts to different sized trades of the same stock/cryptocurrency/whatever.
@@markeger7611 if you plan to enter/exit with non-marketable limit orders, then the level 2 (order book) would also give an idea, since you would be on there in that case. Ross has videos about analyzing level 2.
I think it's a good idea to try trading with a fixed share size as an experiment. 3000 is too low for Ross though. I think 7000 makes more sense.
🤓👍
I have an Acer with an I3 processor, 2.5 GHz, Turbo Boost of 3.5 GHz, 6 GB of ram, an integrated Intel graphics card, 1 Gig FIOS, hard-wired-in, and I am planning on upgrading to 16 GB and adding a 500 GB M.2 SSD.
Unfortunately, I can't upgrade to a dedicated graphics card. Will the M.2 SSD and extra 10 GB improve performance closer to an I7 processor? I use TOS and Sterling at the same time while using multiple Google Chrome tabs. When I am using TOS and Sterling, with multiple Chrome tabs open my processor it fluctuates between 30% and 90%, and my ram is using 5 GB out of 6GB, and I have lagging issues with the platforms, and Sterling crashes on me. Thanks.
This sounds like something only Linus Tech Tips could answer. Remember, these guys are traders, not the Geek Squad.
@@Devin.Kurant Got ch ya!
@@liztrader5469 Cut back on your background use by limiting open windows/apps, check your resource monitor & keep tabs on CPU/Disk usage throughout the day - then assess what needs disabled and or removed so your pc can function optimally. I only have 8GB of ram on my HP work laptop as a reference, and truthfully it's only crashed once or twice since January, and it's under heavy load daily. Future proofing your PC w/ an SSD & ram upgrade shouldn't hurt, but if you're planning on upgrading to a new PC this holiday season, I would wait it out.
Hey Liz, I’m sorry I don’t have a super good answer to that question 👨💻
@@DaytradeWarrior No worries. My bad for asking. Will upgrade to the M.2 SSD and 16 GB of ram and see how it performs. If doesn't help will upgrade to a machine with an I7 or I9 processor.
I tried to use risk - position calculator and put 1% risk on my account. The share size I am getting is small, and in order to achieve 3% on my account the stock I am buying has to go at least to 30% up. But a 30% winner stock needs at least 40-45% mover so I can get my 30% and leave the rest on the table.Also, you don't get a 40% mover everyday with a clean setup. So, when I think of this I think it's frustrating, but the most important thing in stock trading is consistency.
That’s an interesting way to do it 👍
Stock price is a big factor for me when determining entry size. The cheaper the stock, the more inexperienced traders will be present. That means I need to be extra cautious. Low float, cheap stocks are usually erratic, and defy what we would normally expect in terms of technical indicators, patterns, trends, etc.. I also suspect HFT kicks into gear when cheaper stocks run, potentially causing even more "technical turbulence". Your comment about there sometimes being something behind the scenes that is hard to detect especially rings true with cheap, low float stocks with catalyst. It's probably the chaos of all the different trader types present.
That is certainly a good thing to keep in mind when sizing as well!
Hey Ross, Maybe I'm wrong but it seems that you're putting too much focus on P/L, instead of the market. What is more important? the amount of juice that one can extract from a move (cents gained) or the appliance used (share size).
Hey! Good point. Cents per share is more important, but it can be hard to know on any given day whether you'll see a 50-75 cent breakout, or only 5-7 cents. So sizing there does make a difference
Does share size have a direct relationship to FOMO, has the FOMO not quiet down after so many years of trading. Do you not feel like you succeed. Is FOMO stronger now then before.
I think larger share size is a natural progression for traders, and if anything for me the larger share size decreases my fomo because of the added risk. I become more picky with the trades I take.
Hey Ross, I think this problem is just the "nature of business" we just deal with it.. hehe. The only good tool to help out with that (in my opinion) is tighter stops when share sizes are too high. In other words, bail out right away if doens't move in the right direction.
Having good risk management is also very important Danilo
Adjust size based on market cap and volatility of the stock
Yep totally!
Quick question.. let’s say I have a margin account and I want to risk 2% per trade. Do I risk 2% of my cash amount or 2% of my buying power? For exemple let’s say I have 1,000$ cash and 3,300$ of buying power.
Ross likes to stick to risk based on your cash amount, not buying power.
Warrior Trading ok, got it! Thank you.
Ross you nailed it there. The stocks with good catalysts dont seem to carry momentum on market open. Stocks with no news will do 200+% how does that workout? It's a really tough time to trade momentum
Yeah I know it!! Makes it really confusing!
A legendary trader “Ross” once told me the micro cap has a cap on how much you can make and the maximum share size one can take , I notice you been trading with a lot more size than when your account was smaller, perhaps once your account gets to a certain amount it’s the the cap? Maybe you might have to move up a class? To mid or large?
Yep totally! I think I’ve gotten close to max size for my strategy, at least during these market conditions.
What are the typical returns for warrior student beginner traders on average in their first month with a starting balance of $1000?
Hey! I don’t have those metrics, but I do have many student success stories on our website which you can checkout!
You are a good trader but is it necessary to bat for a homerun? $1k a day easily keeps a job away.
Based on my stats I do best between -2k +4k. Anything outside that range is not required for me.
Hi Ross can u suggest any gud position size calculator plz
Hey! Base on your risk level!
Ever consider using smaller share size on higher volatility market conditions and larger share size on lower volatility market conditions? Doing it this way you’ll always keep the risk and potential reward the same. With larger share size on slower days, you won’t need as big move to make good money. And on the flip side, using smaller share size on higher volatile days will prevent huge losses. I trade larger cap stocks so maybe this type of strategy won’t work as well on low float, but just my 2 cents.
I do that for the most part RPGmario, when I am trading more volatile stocks I tend to use smaller share size since I am not able to manage my risk as well.
Does market makers hate dollar share size and would prevent stock going up while I holding? As soon I sell it goes high in 3 min.
Sorry I didn't understand your question!
@@DaytradeWarrior Is it preferable to have fixed share size: multiple of 100 or 1000 or any size is good?
My thoughts on sizing: if you start with a small account, you need to be agressive in sizing but very selective in the setups. Once my account size reaches certain level, I will start to be steady in sizing up in proportion to the account size.
That makes sense to me. That's what I'm thinking too.
Yea this feels solid. Cutting losses quick but a big risk will be quick flushes that blow through the mental stop.
what Ross what happened to your daily market watchlist video plus recap?
Hey! Everyday that I trade they get posted! I didn’t trade on Friday.
@@DaytradeWarrior oh thanks, keep up the good work
1st rule preserve capital. 2 rule always make a profit no matter what size. 3 rule remember rule 1 and 2.
Right on!! Good rules!!
I guess I’m confused and I am very new to the Warrior Pro family (last week) but doesn’t your rules dictate the trade size? If you say your max daily loss is $100 and you’re looking to enter into your first trade would your stop on the trade and your max loss tell you the trade size you can take?
Hey Michael! Yes definitely you can dictate risk with share size, and certainly use stops to control loss, however, when you begin to scale to larger share size, most traders won't use live stop orders anymore, and that's when things can get risky!
so how does CMEG work around the PDT rule , or do they?
They allow you to day trade while under PDT.
Couple points I noticed, you said Ross that when you’re red maybe you position yourself heavier for a swing up to be back to green on a day/week/month whatever it is. Is the goal consistency? It sounds a little revenge tradyish. I feel like I’ve even heard you say it’s not about getting back to green on a day but about focusing and ending the day with a green trade. Base hits man. Also the “feeling like you could be doing better with size” is, in my opinion, just pure fomo. You’re very successful as a trader but maybe success in some way has you not recognizing the revenge trade aspect to your positioning and the fomo causing you to go heavy
Edit: Hard to tell in text but that wasn’t bashing at all. I’ve gotten a lot of value from your videos and I can only offer my perspective in return
That’s a great point...you’re right. Often the focus becomes finishing the day green!
ok so i have a question, and please forgive me if this is a stupid question. i am bran new to trading. How does one lose a huge amount of money when you can set a stop out or even a trailing stop out to get you out of a bad trade at a set amount you allow yourself to lose?
Hey! There are a few ways, but generally using a stop or trailing stop is the best way to cap your risk levels. Most traders who lose more lose because they didn't use those stops.
@@DaytradeWarrior OK so there would never be an instance when the stop out didnt work? so really if you have multiple platforms one could (based on historical patterns) set purchase orders and stop orders for multiple equities at one time to make money "over and over"? i guess i could test the theory by setting price point alerts and see if it could work? or am i totally wrong?
I have that same issue, going from a 500 to 5000 position based on my own feelings
Slow scaling is the way to go!
I’ll take up on your advice Ross 🤜🏼🤛🏻
0:40 Whoa you could've poked yourself in the eyes there.
haha yes
your bro has the better blue light glasses
Haha what?!?!
You asked who had the better blue light 👓 in the beginning of the vid.
If you size big and lose, you may hit max loss real fast and then you’re done for the day. I think small account does require aggressive size and extreme discipline to not trade anything less than A plus. I’ve seen mike sit tight for days in a choppy market where other traders grind down their account. Trade like a sniper. Wait for your target to present itself. If you shoot and miss, cut your loss as quick as you can. Aggressive size demands high winning percentage AND ability to limit losses. Smaller sizes don’t work for small accounts. This is the ultimate challenge Ross.
Right that’s the worst, hitting max loss on the first trade or in the first 15min.
I try to determine my position sizing of potential risk .. not profit potential.
Right on!!
Going green is all what matters even if the profit is small compared to the money at risk better safe then sorry
Of course, all about risk management.
Perhaps slow markets should be no trade days instead of sizing smaller. Does the strategy require a hot market? Size aggressively, high winning percentage works well in a hot market. We shouldn’t force a trade in a slow market.
Yep I’d agree with you
This is about emotions. You cant have emotions in trading. I have $1k account that i started with $250 no margins.
Here is my strategy as i have critiqued it in the last 6 months to find the right formula and i think i might have found it without involving emotions
1. Inital 20% of porfolio in a trade.
(a.) Increase position 30% of porfolio on a dip, 10% on a gain. And exit then take profits.
2. For the week im lookimg for a 20% gain for the week (so next week im looking at $200 profit)
3. Having small accounts (swing trades are ideal and looking for the pattern setups to run for the week) $nerv i took 2 exits and entries last week and made $67.12 off of $200 buy in or 20% of my porfolio. 33.56% profit. 6.71% of total porfolio on that ticker alone.
I’m liking the sound of that!! Good strategy!
And Ego says: If you restrict the share size to 3000 then I'm gonna have to stretch 10 cents to 20 cents per share or "work" longer every day!
Maybe Mo, it's all about being self aware!
Good boys
Yes!!
Bingo! that's it Ross. Top shelf Traders should have a solid idea from back-testing and statistics what are the A-quality setups. For me, whenever I see opening range breakouts (within 15-30mins) that fit all my criteria, I move in with heavy size and with no FEAR. But at the same time, I don't allow myself to move-in reckless - cause I know it only take one Trader to spoil my plans.
I really appreciate your comments! This helps me 🙏🙏
Happened to me just last 2 week, got better on small position size and finally getting consistent making $300/400/100 on large cap then my biggest one ever $500+ then got somewhat over confident.. then the next week comes... >>bam
right on Paulo, thank you! Breakout of bailout!
Hey Ross,
If you are still in San Francisco. Can I meet up with you for a Starbucks coffee or a quick lunch. I have bought your warrior pro trading course last summer. It’s my second year trading. Still not profitable. I’m just trying to get better.
Hey! I’m back on the east coast now, you should join me in Miami for our Inner Circle seminar!
when do you start dy trading with your 500 dollar account?
Starting in December!
Find a good economist who is working on a paper and have him run the numbers for you. It’s a win win.
There ya go!
I just worry that if you stick to the same share size for every day you will experience less adrenaline, less intellectual challenge, and trading will be way less fun. I think part of the attraction of trading is in the constant variation and in the split second decision making, so I'm curious whether your current desire to get off the roller coaster will result in you not enjoying the "amusement park" as much. You do sound like you are in pain about the wild swings this month, and I wonder whether you have anything else going on in your life that is making the usual ups and downs more painful or whether you are suddenly experiencing a moment when you losing money is more risky than it used to be? In the end, I think successful traders are drawn to the excitement and the unique challenges as well as to the money. What are your thoughts?
That’s a great point there! Appreciate your feedback and thoughts 🙏
Ross, you turned $583 into $100k in 45 days. You sized aggressively and had 26 consecutive green days. So you achieved high winning percentage and very small losses. It was a hot market back then so you could take more trades. Today, we’re seeing less market follow through. If the technical setup is there, we should trade it aggressively but if we cant achieve a high win rate due to a slow market, we may need to size down until the market heats up. Size aggressively in a hot market, and smaller sizes in a slow market. Collaborative discussion, Meticulous planning. Iterative thought process will result in the best decisions.
Right that’s my thought too...size down until conditions improve
Ross you have really increased your video output and I really appreciate it. But are you pushing yourself too hard and getting enough rest? We want you to stay well. Replying to every comment is going well beyond the call of duty. Let that go and take some time for yourself. Just saying.
Thanks Mark, appreciate that! I'll be working hard for the foreseeable future, but trying to take time here and there to meditate and relax too!
10:31 3000 of TSLA $900k. Good ol' times. Today it'd be $1.5M+ hahah
Thanks for watching!
Ross is the goat
Thanks Gemileo!
Hey Ross it’s all mathematic Stock price, How much you wanna risk Etc....
Yep definitely!
Ross ever think about taking in another intern? Might help you audience relate, cycle threw a luck participant every few months. how about a middle aged guy for Arizona wanting to make a change in his life. willing to relocate for a few months and get his hustle on.... Could be interesting...
Hey Jason! Good thoughts!!
Sorry Ross Gavin's wins the blue light glasses contest, I just can't vote for red ;)
Say what?!!?
Oops! I meant to say Ross wins the glasses contest hands down.. Sorry Gavin, it's never a good idea to upset a fearless SPY_ritual leader.
Why is he so nervous lol
He's sitting next to me!!
Gavins wins
Haha what?!?
@@DaytradeWarrior you asked who has the better Blue light glasses. Gavins looks alot better, Sorry Ross. Your hair is on point though.
Ross try options. You would do so well. More buying power.
Yeah that's true
My advice to Ross, first, start off with a nice haircut, trim down the beard a bit, and start fresh :P, ok that might not help the trading, but it would be a cool thing to do. I enjoy watching your videos while I'm trading or after a day of trading, thanks.
lol thank you!!
ua-cam.com/video/yFKCn5e1ERc/v-deo.html "A problablistic mid-set pertaining to trading consists of five fundamental truths...5. Every moment in the market is unique....If you really believe in an uncertain outcome, then you also have to expect that virtually anything can happen. Otherwise, the moment you let your mind hold onto the notion that you KNOW,, you stop taking all of the unknown variables into consideration. Your mind won't let you have it both ways. If you believe you know something, the moment is no longer unique."- Mark Douglas "Trading in the Zone"
YES
is this justin bieber ?😲😲
YES!!!
I dont believe share size causes problems its the emotion of being right, and having the capital to revenge trade with, when I paper trade have this issue given the large capital. Something I'll have to work on as my live account grows #itrapstocks
I hear you, good points there.
NO ONE LIKE THE VIDEO ANYMORE!! Its at a perfect number lol
Thanks for watching!
Yes sir! I’ve been a religious watcher and I just opened an account at CMEG last week. I’m on the come up!