Hello
Yesterday I had a nice discussion with a friend whom i consider as a veteran trader.
This discussion reinforced my recent conviction of adjusting the MM to go 1/3 on entry trades and add 2/3 qnty on further confirmation of the trend.
Obviously we discussed how to handle days like yesterday
Besides the above adjustment in MM that keeps the loss from whipsaws down another thing i learned was that when the day gets whipssy and volatile one should either step aside and enjoy the scene from sidelines or if one feels compulsive to trade then get down to a lower time-frame to trade, it will be as if you are getting to trade 3 days of price action compressed into one. The quantity should be adjusted based on ones confidence in trading these situations.
Happy