Cirrus, I'm currently reading The Intuitive Trader by R Koppel. Your comments about being in and out of the zone are discussed in the book. Ed Toppel was interviewed and had almost the same comment after a very good winning streak thinking "this can't go on". For him it wasn't about being more mechanized but releasing the ego and getting back in to an intuitive trader mindset. I'm not suggesting any specific advice to you as trading is very personal but just sharing something i just read this a.m. that may be of interest to you GL
Without going into the philosophy of Risk, just because your trade has all your capital in - does not translate into 100% RISK.
I am not referring to USING all capital, talking about RISKING all capital, which is what I thought when you meant by "worth all my capital risk". I stand corrected if you did not mean that. Long live Bracket Orders.
Thanks Jas, I just happen to have "the Intuitive Trader" on my shelf : ) It's been awhile since I've read it, I guess I will re-read it this weekend.
OP, Sounds like you started adding to winners. Good idea I will say that the biggest days of my career were only possible because of adding to winners on the way up or down while keeping my stop BE or better at all times. If you add CORRECTLY and don't expose yourself you can have some nice "fat tailed" events for yourself. Usually only really strong fast moves allow you to add in such a fashion but if you can catch one then you will be set for a while. You need your risk rules so stick to your daily limit. Just figure out how to win big and lose small. Good Trading to you