What caused the blow up. Exactly!!! The plan is the actions you are going to take to achieve that goal.
Stop gambling. Dumbly guessing and assuming rational logic with the market. And truly dissect and analyze what you are doing and processing. Once you truly understand and digest that concept...the money becomes irrelevant. It's all the same whether you make 200, 2000, 20000 a day There's so much more involved in trading than Just Trading by following a simple, dumb, basic, rule formula. The market and trading it...is kind of like Neo in The Matrix when he reaches confidence and self-actualization
That's the explanation. The question should have been , what caused you to risk 5% per tick and not take your loss? Along with what are you doing to prevent future situations like this from occurring?
I think this is wonderful news: you got positive reinforcement that if you had stuck to your plan, you would've been better off. The more such experiences you get, the less compelled to go off-script you will feel over time IMHO.
But if your trade with larger-size goes wrong, you can wipe out all the gains on the smaller-sized trades.
any other way and you increase odds of a loss, thus over trading. making more trades is the only way to make more or stay longer in the trade - both methods will induce more loss. the only way is like you are doing and as you can increase the size. that way you don't rock the boat and change methods completely. cause anything else you do will now be a different method, if you do what you are now and increase size it's the same method.
think about it logically and not with emotions or preconceived prejudices you have been successful - how do you stay with what is working and make more money? only 1 way to assure you don't modify the plan - increase size. same plan > more money