Scaling up position size after a profitable run - how do you manage the psychological aspect?
I've been trading smaller caps, primarily using technical analysis, and after a decent few months with a good win rate, I'm finding myself at a crossroads. My strategy seems solid on paper and I've been diligent with my journaling, but the idea of significantly increasing my position size, let's say going from 1% to 2% or 3% account risk per trade, is suddenly feeling like a huge mental hurdle. It's one thing to risk a smaller amount where a loss stings but doesn't genuinely impact the bottom line too much, but the thought of that same percentage loss on a much larger position is genuinely creating a mental block. For those of you who've successfully scaled up your trading capital and risk per trade, what was your approach to overcoming that initial fear of larger losses, even when your system proved itself?