FX Pos-Pos Disease: How to Overcome
When you trade
you inevitably want to hold a position
but you don’t have to fix that
If you keep a record of the desire to hold a position as a trade log
there will be no problem
How do you manage it?
Change the size of the lot
First, enter with a small lot
Make it a daily routine
Even if you want to hold a position
and actually trade
there will be fewer problems
Small risk
Medium risk
Large risk
Stages of risk
If you control the lot size and pay attention to the following points
you can surprisingly easily overcome the need to constantly be in the market
You don’t need to eliminate the need to be in the market
Learn to get along with the urge to be in the market
Don’t always use the same position size; vary the lot size
First, try a test trade with the minimum lot of 0.01
Begin that day’s trades with a size that doesn’t hurt
Confirm that day’s feel and then increase the lot size
What you expect may come or may not; trading often involves misjudgments, so keep psychological damage and losses to a minimum
Continuing large lot trades for long periods consumes a lot of energy to sustain mentally
You can assess your own state that day and the degree to which it affects trading
Trading is best done in an environment where no one disturbs you
If you have plans that day, there’s pressure to get things done by a certain time
You cannot trade in the best condition every day; to overcome that
Changing the lot size has benefits beyond just knowing that day’s state
Introducing variability in lot size helps you maintain good judgment even after long series of trades
If you have the need to be in the market, do not trade with fixed lots
Other positive effects come from changing the lot size
Set in advance the minimum lot size, the standard size, and the size when taking risk
The need to be in the market can be cured and the illness itself can be restored to a healthy state by changing the lot size
Control of the lot size also relates to the amount of adrenaline released
Decide in advance the small, medium, and large risk sizes
With proper lot control, even with a win rate of 40%, your balance can grow
Changing the lot size improves trading accuracy
The greatest benefit of lot control is...
Not only can you see the win rate and entry/exit history, but you can objectively observe mental and physical changes and your state at the time
The benefits of lot control include improving win rate and analyzing mood and emotional changes
Trade by varying the lot size