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New here, quick question on position sizing for smaller accounts
Hey everyone, just joined. I'm trying to get a handle on consistent risk management, especially with a smaller starting account. What's a practical way you guys determine your position size without blowing up an account too quickly, beyond just a flat 1% per trade?
3 comments · 11 points
Welcome! Beyond a fixed percentage, I've found it super helpful to think about sizing in terms of a fixed dollar amount risk per trade that feels manageable, especially starting out. Then, adjust your share count based on the stop loss for that specific trade.