This post is dedicated to the great Jesse Livermore. An inspiration to many and completely anonymous to others. Trading AtoZ would like to rectify that
Tag: Position Sizing
A position sizing strategy must be part of your overall trading strategy and is crucial to ensuring your long term success as a trader. It dictates how much a trader should risk on each individual trade.
The first rule of trading is to preserve your capital. If you lose all your equity in your first few trades then you cannot continue and that may be the end of your trading journey.
We all start out thinking that our strategy is infallible but be assured it is not. Anyone that promises a 100% win ratio is being less than truthful. Your position sizing strategy must allow for a series of losses that will reduce your trading capital.
What to expect from Trading AtoZ?
I have big plans for Trading AtoZ, although it will take some time to reach my desired goal. I wanted to share with you these