Follow these two rules to preserve and grow capital | Traders Hideout - futures trading strategies, market news, trading charts and platforms

Traders Hideout

Discuss day trading practices and futures trading strategies on this forum for all markets. This forum is also for discussing and reviews for brokers, data feeds, and commercial or third party add-ons


Follow these two rules to preserve and grow capital

  #5 (permalink)

Legendary market donator
Indianoplace, IN
Trading Experience: Intermediate
Platform: SierraChart
Broker/Data: CQG
Favorite Futures: 6B, 6E, 6J, NQ
Rrrracer's Avatar
Posts: 1,858 since Feb 2017
Thanks: 11,158 given, 6,703 received

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?


Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Rrrracer for this post: