Scale it to Make Good Ideas Great

When working on trade ideas, always ask yourself, “how can I scale this?”

One good idea is great but it is even better if you can scale it.  Think of ways to apply your successful ideas towards other situations, other stocks, other markets.  Think of how you can write algorithms to trade your ideas so you can spend your time thinking of the next BIG IDEA.  Be creative and expand your algorithms whenever possible to make more money.

Next time you make a good trade, try to scale it into 5, 10, 100 good trades.  Isn’t that better?

Written by Jennifer Galperin. Follow me on Twitter and StockTwits.