{"id":38667,"date":"2014-08-26T20:08:45","date_gmt":"2014-08-27T00:08:45","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=38667"},"modified":"2021-05-07T09:43:36","modified_gmt":"2021-05-07T13:43:36","slug":"today-i-will-trade-big","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/today-i-will-trade-big","title":{"rendered":"Today I Will Trade Big!"},"content":{"rendered":"

An experienced trader stepped into my office frustrated with me.\u00a0 He wanted to know why I questioned his position size in\u00a0 a $TWTR breakout trade.\u00a0 The exchange we had offers a lesson on getting bigger as a trader for the trading community.<\/p>\n

First, let me say that I loved this trade position in $TWTR.\u00a0 And I loved that he was being aggressive.\u00a0 I wanted to know two things:<\/p>\n

    \n
  1. if the trade didn’t work out could he control his risk<\/li>\n
  2. was his position too big for him<\/li>\n<\/ol>\n

    So many traders wake up one day and exclaim:<\/p>\n

    Today I will trade big!<\/p><\/blockquote>\n

    Traders just decide that now they will not be a wuss, trade big size, and hold for the real move.\u00a0 Today they are just going to start doing this. \u00a0 Like this is only an issue of will power or setting their mind to it. They think of a past trade that worked perfectly.\u00a0 If they just were huge in that play and held their profits would be immense.<\/p>\n

    Unfortunately for traders, it doesn’t work like that.\u00a0 Deciding today is the day is very dangerous.\u00a0 This is like those guys who go to the gym and decide they are just going to start lifting very heavy and then soon hurt themselves.\u00a0 Today cannot just be the day.<\/p>\n

    Today cannot be the day you just decide to start holding 10k share positions, when the most you have held in the past is 3k.<\/p>\n

    Today cannot be the day you just make 30k in a play, when the most you have made is 5k.<\/p>\n

    But today can be a great day filled with progress:<\/p>\n