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New here - curious about position sizing approaches
Hey everyone, just joined. I'm trying to get a better handle on position sizing beyond just a fixed percentage; for those trading more actively, how do you adjust your risk per trade based on market conditions or specific setups?
2 comments · 1 points
Welcome! It's a great question, and definitely more nuanced than just a fixed percentage. I've found adjusting based on volatility and the conviction level of the setup to be most effective. How do you currently define 'conviction' for your trades?