IgazI wrote: If you only make one change, make it not going above 50% size at a single price:
- if price moves against you right away, you're out half the move.
- if support holds, and you enter the other half, you make double your initial risk.
The reason why we have a larger maximum, like 6, is that we are only out 1/3 of the move if wrong;
and we can easily start with 2 and add 2, for a 2/3 position sizing.
If you enter it all at one price then you are bound to get chopped. . .
"I make more money going all-in", he said.
anatomy_DayTrader.jpg
makes sense ,put your toe in first and see what happens.