It's true I shouldn't and cant assume but based on his message. I'd be willing to bet he understands this and that it's more of a mental thing, not a logical thing. Just like it isn't logical to drink and drive and you could explain that to someone, doesn't mean they won't drink and drive.
Able to trade small accounts successfully but fail when account size is large
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It's true I shouldn't and cant assume but based on his message. I'd be willing to bet he understands this and that it's more of a mental thing, not a logical thing. Just like it isn't logical to drink and drive and you could explain that to someone, doesn't mean they won't drink and drive.
From your own account with your own money, losing $1000 is a different feeling than losing $10.000, etc.
Reduce your leverage as much as needed and then increase it very progressively, until you stop feeling uncomfortable, then reduce again.
Also, the more you need the lost money the more you need to reduce leverage.
Trading a small account gives the feeling than the lost money is small, giving you wings to trade large and risk large % of this small account.
Reduce your leverage as much as needed and then increase it very progressively, until you stop feeling uncomfortable, then reduce again.
Also, the more you need the lost money the more you need to reduce leverage.
Trading a small account gives the feeling than the lost money is small, giving you wings to trade large and risk large % of this small account.
Small is relative. Personally, I like Al Brooks advice. Trade the I dont care if I lose it size and just scale up incrementally.
Well.
There is a trend in this forum.
very very few people will read psychology books & those mind exercise/ cleansing/reprogramming things.
many traders prefer to focus on the symptom.
they don't want to address the root cause.
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As I was getting into 6 figures account I made up a coins routine. I’d place 9 1$ ones and 10 10 cents on my desk and move them around to represent my current equity and drawdown from max height in %. Let’s say left pile was equity and right one drawdown. That did remind me how insignificant losses are relative to the whole pile and they were well within expected parameters.
In about a year after I replaced all reports with % figures only. No single $ figure. Pretty much never looked at account size since.
Currently in a 7 figure range. Not overthinking $ PL fluctuations anymore.
In about a year after I replaced all reports with % figures only. No single $ figure. Pretty much never looked at account size since.
Currently in a 7 figure range. Not overthinking $ PL fluctuations anymore.
Easy fix,you should trade ten $5,000 accounts instead of one $50,000 account 
In all seriousness,are you trading the exact same system/way on the small account size as on the larger?? Same entries/exits(R/R),money management,position sizing,etc????
Simply not possible to always be successful on small acconts and always blow up large accounts.....unless you did something to piss off the trading Gods.....
In all seriousness,are you trading the exact same system/way on the small account size as on the larger?? Same entries/exits(R/R),money management,position sizing,etc????
Simply not possible to always be successful on small acconts and always blow up large accounts.....unless you did something to piss off the trading Gods.....
I thought the same thing regarding liquidity,but it sounds like hes trading 20k or less
Is your risk management changing or your RR on trades ?
Something must be changing are you increasing your risk
Something must be changing are you increasing your risk
You need a third party to manage your risk, and help you scale up, if you have a system that works, it's a matter of the human mind that makes trading difficult not the science of discovery...