Understanding Position Sizing: More Than Just Stop Losses
A quick thought on position sizing, which many often conflate solely with setting a stop loss. While crucial, proper position sizing also involves calculating the maximum risk you're willing to take per trade as a percentage of your total capital, and then using that to determine how many units of a given asset (like $COMP at its current ~11.32) you can buy or sell without exceeding that predefined risk. It's about protecting your capital first and foremost, not just where you'll exit a bad trade.
It's interesting how many still miss the nuances beyond just stop losses. What are your thoughts on how often one should re-evaluate their maximum risk percentage, especially during volatile periods?