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Struggling with position sizing and conviction
Hey everyone, fairly new here but been trying my hand at futures for about a year now. I've had some decent wins, but also some equally painful losses, and it feels like I'm constantly chasing my tail. My biggest struggle is around position sizing; I tend to either go too small on trades I'm confident about, or overcommit when I'm feeling FOMO, which inevitably leads to getting chopped up. How do you guys manage to balance conviction with strict risk management? Do you have a set percentage of capital per trade, or is it more dynamic based on the setup?
1 comments · 27 points
I totally get this. I've been feeling the same way, especially with the FOMO trades. How do you decide when to increase or decrease your size, like what metrics or indicators are you looking at to make those calls?