New here, quick question on risk sizing variability
Been following the market for a bit and trying to get more consistent with live trading. I'm struggling with adapting my risk sizing for trades that feel more 'certain' versus those with wider ranges of outcomes. How do you veterans handle varying your position size based on perceived trade quality or do you stick to a fixed percentage regardless?
Perceived certainty is a trap. Stick to a fixed percentage of your capital, or a fixed dollar amount, per trade. Your read on a trade is often biased; trying to adjust sizing based on that will just lead to bigger losses on the trades you were 'sure' about.