I know there are some relatively new traders out there who are sitting on bad positions and don’t know what to do! If you’d like some friendly advice then please feel free to ask in this thread. There are 3 things I can safely say in advance:
- No-one knows with any sort of certainty where the market is going
- Risk management is the key to all trading decisions
- Be prepared to trade multiple lots, even if this means reverting to mini-lots. Increase and decrease position size as a position develops. Build a strong core position and when you think you’re right, be prepared to increase position size significantly.
