Scaling up CFD position sizes without blowing up?
Alright, so I've been dabbling in CFDs for a few months, mostly on $EURUSD and some indices, keeping my position sizes pretty tiny, like 0.01 or 0.02 lots. I've got a handle on the platform, understand stop-losses and take-profits conceptually, and my win rate is actually... not terrible, considering. The thing is, when I try to scale up to, say, 0.1 lots, even with a tighter stop, the psychological impact is massive. I find myself second-guessing entries, closing early, or moving stops way too often. It feels like my brain just can't process the larger P&L swings, even though the percentages are identical. How do experienced traders here manage that mental leap? Is it just 'suck it up and get used to it,' or are there specific strategies to gradually acclimate to larger sizes without just frying your account in the process?
Your win rate at 0.01 lots means nothing if you can't replicate the same performance and psychology at 0.1 lots. It sounds like you're underestimating the emotional impact of larger position sizes. Focus on managing that first, not just your stop-loss.