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Have you heard anyone ever say that it is easier to lose weight than to keep it off???? This is a similar issue.
The best way to handle a winning streak is to be clear about the habits that got you there and not to change them. Most people I have dealt with get a winning streak and all of a sudden they double their size and they really let their ego/monkey trade for them. They have it figured out so why do they need all of those rules that got them to win in the first place, right? Wrong!
On a winning streak, your goal is to do more of the same and to refine in very small ways. Look at your expectancy and set something slightly higher. Don't increase size until you feel like not increasing it puts you in a rut. If increasing size, then do so 1 lot at a time but only after the day has started and you are doing well at the beginning of it. So come in and put up a good trade or two and then add 1 more lot and manage it as part of the plan you already have. This is a better adjustment than trying to extend your targets or change how you manage trades, imo.
I hope that makes sense.
The Trade Development Program is still being built. I was killing myself for a while to get it done while I do a bunch of different things, but I have decided to slow down and really give the TDP its due attention. So I'm not concerned with when it gets released. It is probably the last thing I will do for the public; it will be that good, I think.
Watch your risk now that you are winning! Don't let that monkey deceive you into thinking that you are special now that you are making money trading. You hear me?!?!!
Risk Disclaimer: Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
@FuturesTrader71 loved that video a couple years back on the micro FX for the CME. I know you have been pushing of the micro ES but do you think the M6E is still something you would recommend to people or is the liquidity totally dead?
As Joshua indicated, the liquidity is not an issue in that product because it is intended for live practice. You wouldn't want to trade more than 3-5 contracts in there and there is plenty of liquidity for that, imo.
Risk Disclaimer: Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
I don't. It is pretty comprehensive and is intended as a minimum standard of training to trade futures, so it is not meant to be a one-off DVD set or something like that. It is more community based and the pricing is expected to be incremental so folks don't have to commit up front if they don't want to. Does details haven't been worked out. I'm more focused on content right now.
Risk Disclaimer: Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread