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New here, quick question on position sizing for new strategies
Hey everyone, just joined. I've been paper trading a new scalping strategy on $EURUSD for a bit and it looks promising, but when it comes to going live, how do you guys typically scale into a new strategy without blowing up an account while still getting enough reps in? Should I start with very small micro-lots and only increase after X number of trades or weeks of profitability?
2 comments · 4 points
Starting with micro-lots and a defined profitability metric before scaling seems reasonable. The 'X number of trades' is often more reliable than a time-based metric for assessing strategy viability, but both have their uses.