Trader Radio

My friend Martin in the chat room wrote: Here are the key ingredients - as I see them - to make my discretionary trading consistent. These are the main lessons I have learned from TFL, and am hugely grateful to all who have helped me see the importance of these concepts. I know for certain, that in a previous trading live my account would have margin called this week, and I only survived with a modest loss because I adopted the below to some degree. (1) Small size - There is no doubt in my mind at this stage, that if one wants to hold positions over a period of time, the trade size need to be small relative to the account, and the longer one wants to hold, the smaller the size needs to be. I am also increasingly convinced that for this approach it makes more sense for me to be using the robots. Tying in with this, I also continue to question the use of a larger 2nd trade size on the robots. I think if using a 2nd trade, then the total size of both trades still needs to be small relative to the account size.