I have been trading on my own since March and after a few weeks of consistent results, I decided to increase my sizing and expand my Playbook with newer and different intraday plays. Despite the fact that I have the impression that my trading skills is improving, my results in terms of P&L have deteriorated. Should I go back to my initial game plan or stay the course?
@MikeBellafiore
On our desk we have a system for increasing and decreasing trader risk. Every ten days of good results and bad results risk can be adjusted. If you have ten days of good trading results you may ask our floor manager for an increase in your daily intraday stop loss and buying power. Your coach can also increase your size if they notice you are trading well. Finally at month end, all this is under review.
In this video below I dive deeper into this system and:
- The expectations from traders in their first 8 weeks
- How many days of good trading before a trader gets more buying power
- Pushing yourself out of your comfort zone
- Developing a system for bumping yourself up and bumping yourself down.
We hope this video helps you improve your trading skills.
*no relevant positions
