Jan 29, 2015
"More Money" how do I make more money trading. Well you make more money by increasing the sizes of you trades, what that means is that you go from 1 contract to 2 contracts and continue adding more contracts to your trading. By adding another contract you are increasing your profit but you are also increasing the size of your risk and potential loss. One point to consider if you trade and you end up down $100 on a specific trade and then you work your way back up to say plus $100 that would be on one contract. Now on that same trade if you were trading 2 contracts then you were down $200 and need to get back to the plus column. It’s a little more nerve racking if you confidence level is low. Best advice I can give you is PRACTICE. Get good at 1 contract with consistent wins for a long period of time before you start adding contracts. This will really help your trading and your confidence.