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I would go one step further on this
line. I would say always UNDERTRADE your capital. <FONT face=Arial
size=2>When you do a trade you should always feel that you could and should have
done more. If that is not the case, you are probably over-trading.
Cheers,
Norman
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style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
ric
ingram
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, November 10, 2001 6:19
AM
Subject: [RT] Sound Advice?
Don,At Date: Fri, 9 Nov 2001 10:09:49
-0600 you wrote:"From: "Don Ewers" <<A
href="mailto:dbewers@xxxxxxxxxxxxx";>dbewers@xxxxxxxxxxxxx> Subject:
Re: Day Trade the emini?Lee, Affirmative, I can second that . . . the
best advice I was ever given early on was, "trade your size".Once you
feel you have mastered what you are doing with one contract "slowly"
increase it one contract at a time. When you start losing or stops become
too tight for the risk you are willing to take , back down to the prior
position and stay there until the account grows to the point the risk
becomes acceptable.This dramaticly affected my trading success levels.
Bottom line early on, I was trading way too may contracts. I dropped back
to one and worked my way up."From my coaching experience this
is very sound advice. This single suggestion, if taken up, would
seem to be capable of eliminating over 60% of account 'blowouts'.
It is probably better to not have pain in the first place than to need
analgesics, but some people may need the pain as part of their learning
path.Trading with good feelings, Ric.<A
href="http://www.traderscalmc.com/"; eudora="autourl">www.traderscalmc.com
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