TheRumpledOne wrote:MightyOne wrote:
Through position sizing, you can give two charts the same financial consequence and thus treat them the same but the fact
remains that, from a technical perspective, everything is different about larger charts: position sizing, strategy, objectives, interpretation, etc.
That is the concept I still fail to grasp.
On one side of a nickel, even wrapping onto the edge, it reads "SPACE" & on the other side it reads "POSITION SIZE".
Space is gained as the nickel rolls in the direction of profit and space is lost as it rolls in the direction of loss and the only other way
to effect space is to change the position size, which instantly lengthens or shortens the current space.
It is not simply a formula, it is a living breathing thing that is nurtured throughout the life of the idea; it is something that can be seen
with your eyes and shaped with your hands.