Lesson Learned: Sizing Too Large on Early Wins
New here, just wanted to introduce myself and share a hard lesson learned early on. I started trading futures, got a few quick wins on MES and NQ, which boosted my confidence immensely. Instead of sticking to my initial small sizing, I started doubling and tripling my contracts. Figured I had a feel for the market.
That ego-fueled sizing came back to bite me hard. One larger swing trade went against me faster than I anticipated, and because my size was out of proportion to my capital, I blew through my daily loss limit and then some, trying to claw back. It wasn't about the entry or the read; it was purely about assuming a hot streak would continue with elevated risk. Now I'm hyper-vigilant about sticking to my pre-defined size per trade, regardless of prior outcomes.
This is a classic lesson many of us learn the hard way. It's so easy to let early success inflate confidence and then sizing, only to get humbled by the market. What was your strategy or framework for scaling up initially, if you don't mind sharing?