Trading Strategy and Mindset
Hi All,
I’ve been trading mainly in the FX space for the past few years, and I recently noticed something interesting about my own trading psychology and journey.
Lot size:
When I trade with very small positions, such as multiple 0.01 lots, I tend to perform worse. I find myself holding onto losing trades for too long instead of cutting losses, and at the same time, I hesitate to take profits when I should.
Recently, I started increasing my position sizes slightly, such as 0.03 lots or higher, and oddly enough, it seems to be working better for me psychologically and in terms of discipline.
Has anyone else experienced something similar? How did you overcome these issues, and what solutions worked for you? I’d love to hear your experiences and insights as I continue refining my strategy and mindset.
Thank you!