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There were some questions earlier about trading SnP minis. I learned
something of interest to novice traders today. If you have a trading plan
that allows you to trade 1 lots, and you have enough margin in your account
to trade more than 1 contract, and trading 2 contracts would violate your
risk rules, you might consider reducing your account balance to a level that
would prevent 2 lot trades from happening. This may mean telling the nice
person to please send you a check periodically.
Because it is possible to open a bigger position than you planned to, you
might. Please don't ask how I came by this knowledge. Preserving my capital
by controlling my risk exposure and trading costs is Rule 1. If such a thing
came to pass, I would close the trade.
Flatly,
Michael
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