Scaling up size on profitable setups vs. overall account growth?
Been trading $EURUSD and $GBPUSD mainly, still small lot sizes. I've had a few really clean setups that hit targets lately, the kind where you knew the trade was on from the get-go. My question is, how do you guys approach increasing your position size? Do you wait for the overall account to hit a certain threshold, or do you scale up more aggressively on individual setups that historically have higher win rates for you? I'm trying to figure out if I should keep my risk consistent %-wise across all trades, or if there's a good argument for putting a bit more into those higher-conviction plays once you've proven them out. Feels like there's a balance there I'm not quite grasping yet.
That's a classic dilemma! For me, I tend to tie it more to overall account growth and then re-evaluate my risk per trade. While it's tempting to size up on those 'sure thing' setups, keeping a consistent risk percentage often helps prevent overleveraging on a single trade, even if it feels like a winner. How do you define your 'small lot sizes' currently – is it a fixed number or a percentage of your account?