I am bored of small wins. Would it be dumb to risk more to make it rich?

[easymon1]

I am up 130k for the year but not a millionaire yet. Trading feels boring to me. 1k a day feels like a grind. Would it be foolish to bet more to make 30k a day or so? There have been many times I have been kicking myself for not being greedy

. . . to your question: "Would it be foolish to bet more to make 30k a day or so?"

Not if all you have to do is 'bet' an extra $1.38 dollar thirty eight. Now then, how realistic is that.

So how much additional cash in hand would you need to 'bet' ?

if we take you at face value, That's the crux of the biscuit, no?

(

Ob1 "Always remember, Folks - Whatever you think about . . ."

https://www.google.com/maps/@-3.7393775,-38.4524713,3a,60y,310.11h,82.38t/data=!3m8!1e1!3m6!1sAF1QipPD3rxK8UisulFSVMji8j_eVL9kMVNBGfVDI4RI!2e10!3e11!6shttps://lh5.googleusercontent.com/p/AF1QipPD3rxK8UisulFSVMji8j_eVL9kMVNBGfVDI4RI=w203-h100-k-no-pi-0-ya138.79614-ro-0-fo100!7i11902!8i5951?hl=en

slow traffic keep right -

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https://www.google.com/search?clien...&ved=0ahUKEwjUx82mzIXkAhUDZKwKHSi2Co0Q4dUDCAo

https://www.google.com/search?client=firefox-b-1-d&q=amazon+art+of+position+sizing

https://www.google.com/search?client=firefox-b-1-d&q=art+of+position+sizing

https://www.google.com/search?clien...&ved=0ahUKEwiQ8oOUzYXkAhUC5awKHRW9A3kQ4dUDCAo

pls keep us informed

cheers

 

[Turveyd]

I think it depends on individual psychology, I prefer to keep big equity and make small stakes (relative to equity), even if I set stop losses. I know this preference has little sense, but still it doesn't entice me to open more trades, rather pay more attention to the possible risk of a trade.

Tendency to attempt to average myself into hell and back and do major damage, why I restrict my trade sizes via account size.

 

[ElectricSavant]

TY for this post. Good "down-to-earth" honesty is refreshing.

If I was consistently making $1k/day in the market, I wouldn't give two shits about "making it rich". I would not be trying to make any big, sudden changes in my overall trading plan, for sure. But that's just me, I guess. $1k/day is still way more than I ever made working, and I never lacked for necessities and always had a little fun money to blow.

Changing a very profitable plan to make it potentially more profitable at the expense of higher risk kinda sounds like a sucker play, to me. Especially if all your eggs are in the one basket, so to speak.

 

[easymon1]

If I was consistently making $1k/day in the market, I wouldn't give two shits about "making it rich". I would not be trying to make any big, sudden changes in my overall trading plan, for sure. But that's just me, I guess. $1k/day is still way more than I ever made working, and I never lacked for necessities and always had a little fun money to blow.

Changing a very profitable plan to make it potentially more profitable at the expense of higher risk kinda sounds like a sucker play, to me. Especially if all your eggs are in the one basket, so to speak.

July 4th,
An Oldie But Goodie

 

[volente_00]

If I was consistently making $1k/day in the market, I wouldn't give two shits about "making it rich". I would not be trying to make any big, sudden changes in my overall trading plan, for sure. But that's just me, I guess. $1k/day is still way more than I ever made working, and I never lacked for necessities and always had a little fun money to blow.

Changing a very profitable plan to make it potentially more profitable at the expense of higher risk kinda sounds like a sucker play, to me. Especially if all your eggs are in the one basket, so to speak.

Trading is about finding your edge and exploiting the f$ck of it while you can to bank FU money