Feb 26, 2017

Trading Size Matters; Size Kills

A very experienced S&P futures floor trader once said, “You can be a very good one-to-five contract trader, but you will be an average ten-contract trader and a terrible twenty-contract trader.” 

In trading, size really does matter, which means it’s crucial to know your size. Your efficiency will decrease dramatically the bigger you play. Why? Because you’ll be thinking about money all the time. You must trade at a size that’s within your present emotional capacity. Expanding trading size is a difficult task, even for the most seasoned traders. The key is to expand size slowly. For instance, if you usually trade 500 shares of a specific stock, you can increase your size to 550, then to 600, and then to 650 shares. Expanding your trading size gradually means giving yourself time to adapt to the new threshold. It’s a bit like lifting weights in the gym—you add them slowly, so your body gets used to the additional burden without experiencing any discomfort. 

Bear in mind that your bet size controls your emotions. There is a correct trading size for every trader, and finding that size is absolutely essential to success.
You will follow practical steps and acquire the essential skills a successful trader must have in order to consistently win, and you'll also learn:

- how to develop a trading system
- how to utilize the best trading techniques within a trading methodology
- how to think about the psychological aspects of trading and the markets
- how vital it is to treat trading like a business

As you master this breakthrough program, you'll build yourself a distinctive trading signature.

"It took me five years to become a profitable trader and almost another five years to become extremely consistent. If I had come across the right trading material and concepts earlier, I’m sure the learning curve would have been far shorter. This practical book will give you the materials and concepts I wish I’d had early in my career." - Henrique M. Simões

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