Wednesday, 22 February 2012

EARN THE RIGHT TO TRADE BIGGER

EARN THE RIGHT TO TRADE BIGGER. :

Too many new traders think that because they have $25,000 equity in their trading account
that they somehow have the right to trade five or ten e-Mini S&P contracts. 

This cannot be further from the truth. If you cant trade a one lot successfully, what makes you
 



think that you have the right to trade a 10 lot? I demand that my students show me a
trading profit over the course of ten consecutive trading days trading a
one lot only. 



When they have achieved a profitable ten-day period,
in my eyes,



 they have earned the right to trade a two lot for the next ten trading
sessions. 



Remember: if you are trading poorly with two lots you must lower your
trade size down to a one lot.

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