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Follow these two rules to preserve and grow capital

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Legendary market donator
Indianoplace, IN
 
Trading Experience: Intermediate
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josh View Post
I think too many people use scaling in as an excuse to get sloppy and early with entries. Also, I think it makes it more difficult to add later, as it places the emphasis on "getting in early."

@josh, thanks for this, I feel like I'm currently on this path and I know eventually it will come around to bite me hard. I'm constantly battling entering too early; I usually have the right idea but always seem to manage to pull the trigger too quickly. One thing I have been doing is going in with just one contract when I have this impulse, and then trying to wait longer and see what unfolds. I'm convinced it's tied to FOMO. I don't chase price if it moves away from me, but getting in early is essentially the same thing.

Do you have any tips or advice for honing the entry skill set?

Thanks
Shane

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