How does one deal with FOE (Fear of Entry)? | Psychology and Money Management


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How does one deal with FOE (Fear of Entry)?

  #16 (permalink)

Somewhere, Delawhere, USA
 
Trading Experience: Intermediate
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chemfan76 View Post
Another tip : Switch to the mini DOW / mini SP since they are only 5$ per tick; wont freak you out as much when it is running against you.

Great point. I trade the Dow e-mini precisely for the reason you mentioned, as we bootstrap ourselves starting with a small account and one contract, then scale according to account size.

Now that the CME is rolling out micro-mini contracts in May, the barriers to entry for the 'lightly capitalized' traders is even lower.

~vmodus

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