GoldViewFX - BENEFITS OF USING SMALL LOTS TO MANAGE RANGES

The temptation of using bigger lot sizes is something all traders experience in some parts of their trading journey. Yes, the wins can be nice, but the losses can be even greater and damaging. The benefits outweigh every time!!!


MOVE BIG RANGE
We cannot emphasize enough the benefits of breaking down lot sizes to micro lots to learn how to move and manoeuvre the range in a volatile market. Using small lots allow you to do this.


MORE FLEXIBILITY
The flexibility to add to existing positions or get better entries is only possible when account is not over exposed. Smaller lots give you the flexibility to chop and change and add to positions, allowing you to move big ranges and making changes throughout the move.


POWER OVER FEAR
Bigger lots exposes our accounts, which makes decision making very hard due to fear of loss and blown accounts. Small lots allow you to control and manage fear throughout the process.


STRONG PSYCHOLOGY
Having power over your fears is the greatest feeder to a strong psychology for a traders mindset. Strong psychology allows a trader to build consistent performance and profits.


LIVE TO FIGHT ANOTHER DAY
The ability to get second chances is something everyone can appreciate in life. Smaller lots allow you to make mistakes and try again.

Hope some of our new traders find this information useful. Please don't forget to like, comment and follow to support our work. We really appreciate it!

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