TAOST Bias Tracker Current Balance $7,270.00 The toughest challenge this week was adding a contract to the party... Having traded millions of shares of stock and many thousands of futures contracts, 1 would think that adding 1 little old contract would be meaningless to me...
But alas... I know (and you should learn) that position sizing is one of the biggest determinants of your success in the markets...right after your ability to manage your emotions. Come to think of it, your position size is both determined and driven by management of your emotions.
As a result of the power of position size, I treat the subject with the respect and care it deserves. That, in turn, leads me to ALWAYS trade as few contracts as possible to achieve my goals.
Make that part of your trading as well.
Click below to review the trades spreadsheet. |