If you are unsuccessful in trading on any certain day and are down some money, don't, DON'T increase the number of contacts to you bring yourself back to zero or to a plus side. It goes like this I enter a trade to go long, forgot to put in my stop and find myself down $100.00 I still believe I am right and the instrument has to move up so I buy another contract at this lower price thinking dollar averaging. Now it moves down another 5 points and you are now down $200. Panic sets in and you get out of trade cussing and your confidence is now deflated.

If you would just remember the rules put in your stop you may have lost only $30.00 but at $30 you can be rational and see that the market is moving down so you can sell short and make money quickly.

I have heard many stories of people that thought by doubling the amount of contracts that they could make the money back up, and it rarely works.

You are either doing a dumb trade or you’re off for the day, so "walk away" and come back tomorrow or go paper trade for a while.

You need to set some parameters to walk away, Example: if I am down $150.00 I stop trading.

If your do that, I can guarantee you will make more money in the long run than trying to recover your losses by increasing your contract size.