STAYING SMALL, TRADING OFTEN.
And now you’re on your way to financial freedom! 🙂
You want to make sure you’re trading uncorrelated underlyings and using different trading strategies.
The weaker the correlation of your account, the less the movement of an individual underlying effects the overall portfolio. This is good- you can benefit whether the market goes up or down!
Also, you can do multiple strategies in one underlying to reduce your overall correlation.
With staying small, you want to manage at 50% as it increase your average profit/loss, the number of winds, and MASSIVELY reduces your biggest loss because you’re reducing risk by managing early.
Also, don’t leave one leg of the trade on- take off the entire strangle or other strategy!
Also, be a contrarian. When you see the market goes up, place trades that are bearish, and vice versa. The market is cyclical- buy the lows, sell the highs!
Disclaimer: These views are not investment advice, and should not be interpreted as such. These views are my own, and do not represent my employer. Trading has risk. Big risk. Make sure that you can balance your risk/reward, and trade small, and trade often.