New here, confused about position sizing variations
Hey everyone, just joined. I've been paper trading for about six months and starting to dip my toes into live, micro-accounts. My biggest hang-up right now is position sizing. I understand the 1-2% risk per trade rule, but when does that shift? For example, if I'm looking at a higher probability setup, or one with a tighter stop loss, do you adjust your 'risk per trade' dollar amount, or keep it consistent? Seems like staying rigid might mean missing out on potential upside with less risk. Or is it always about the percentage of capital, no matter what? How do more experienced traders here approach that nuance?
This is a great question. I've been wondering the same thing. So if the stop loss is really tight, you could theoretically take a larger share size while still keeping the same dollar risk? It seems intuitive, but also a bit risky if you're wrong.