That’s a big mistake. If you are already making 15 % or X percentage. Keep going without adding more money. even if you have to, Add small portions. You haven’t seen worst markets days. Wait for some time. I advice 100% to hold on for a while.
Similar to many, I would also ask you to increase your capital through the way of earning profits initially and not by infusing much. Adding more will also mean you would lose more. Capital and returns are pretty much decent. Add and increase in bits, learn and grow. Nice realized gain though.
Have a system in place which makes more profit than loss. Answer yourself how you made this 11K proft. How did you select the stock, How did you select the entry point. Why and when did you book profit.
Don’t run or you’ll ruin it all.
You might have a good trading strategy but they are also bound to fail someday. Before you increase your risk appetite, build a good risk management strategy that will take care of your account in all situations.
from this screenshot I counted 12 trades with just 2 losses. 14% return is amazing.
There are two reasons why you are asking this
You have not backtested & forwardtested properly. This is what gives you confidence in taking trades.
I guess You still have issues taking risk and you know in your head you might screw up with money management .
I guess you are trading well whatever with whatever trading system you are using. You got best of how market trended but I think you have issues with handling money management and taking risk and fear of losing it all of.
Take 2% risk per trade and keep drawdown under 10%. If you lose 20% take all your money off the table, 50% loss is the red line. Follow this simple rule.
This market is highly inconsistent you can’t always predict in future you would make that same 14% back it could be 4% or even 2 % or could be a crazy 14%.
Frankly age has got nothing to do with. Some of my neighbor uncles who were trading made 2 cr a week and lost 1 cr overnight. But hey if you are trading lower TF’s and find yourself spending too much time trading, have a break, chill out and manage your time. Frankly you should congratulate yourself. You made quite amount of progress.
I don’t think anyone can tell you the best strategy. It’s only you who has to decide which way to go.
It’s good that you feel confident about increasing your risk. But make sure that your risk management strategy is already in place.