Room to grow... · InvestCEO with Kyle Henris

Room to grow...

I closed out a nice winner yesterday on a 250k EA. I risked 490 and got 5.7x -- beautiful! So, I'm up 2800, and it's early in the trading day (this is NOT typical for me). I get an alert roughly 20 minutes later and I really like the setup. I decide to risk 170 on this trade and...

I couldn't pull the trigger. I was so scared of losing 170 that I let the opportunity pass me by. It would have been another winner. It went over 10x, but I really have no idea where I would have closed it because price action was bumpy.

In my defense, I didn't have much time to press "go." But the reality is, it was enough time and I chickened out when it was time to get in. It also struck me in the process of gathering my thoughts for this post, I don't think I would be writing this if the second trade would have lost. I feel 170 is a very reasonable amount (or even conservative) when I'm up that much. Losing is part of the process and I need to wholeheartedly accept that.

Thanks for reading. Well, as the title states, room to grow...

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