I stepped into a big risk zone past 3 days. Loaded my "on hold" cash into the trading account so I can trade much more. I don't want to keep this money in there, but it has been actually a comfort in that I can take a trade and know I can stop it properly and still take several more tries. This is the pro/con of trading in a cash account: I can take multiple trades, but only until I've used all my settled cash once.
As a result, I'm trading slightly larger (or sometimes MUCH larger) positions. This amplifies everything. I find that I am able to apply my same techniques with the same level of emotion, but the gains and losses are potentially bigger. I'm discovering that I'm happy to make those 2-10% gainers, because the cash actually really adds up. For example today I made about +2% on my account, but the $ amount is very satisfying.
Starting tomorrow, I need to start moving some money back to the hold. That is my dry powder, my insurance.
Popular Posts
-
Daily setup : Gaping down into/below mess Entry/play : waited a good few min for it to make a ndh then turn down. Small position bc trading...
-
Market has been very hard to trade. Maybe I could figure out how to just stay out of these messy things.
-
Good gap down setup below box, but gapped to 200dma. OK. Have that in mind. Like everything else this morning it gapped down and was bought ...
-
Bigger down day than I would have liked, but still super green week. Most important is self-discipline and clockwork, and I was about a B+ o...