One symbol at a time
• No new symbol is entered until a partial take-profit has brought the position to breakeven
• The more symbols held, the more the quality of management and response drops
Why it is needed
• Holding several symbols at once makes it easy to miss which to handle first in a sudden move — attention thins the more it is divided
• Jumping between symbols out of impatience is a leading cause of eroding not only profit but principal
Check
• Is the number of positions being managed one you can actually respond to?
• After switching to a symbol that looked better, did the result ever turn out better?
Rather than chasing opportunities, managing one position through to the end builds results steadily and holds up better.
How many symbols do you hold at the same time right now? Have you ever added a new entry before taking a partial profit?