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Wednesday, July 06, 2005

Position size (2)

Yesterday I was writing something about position size and today I read this interesting article about the subject.

The author sums up various position size variants along with some very usefull links. He comes to the conclussion that a fixed percentage would be the best way for his trading.

Although I trade futures on the DAX with a fixed lot, due to margin I can't vary my position size in my daytrading, it is a must to be awere of the importance of position size to all traders

Two very quick trades today. The first trade came into a nice win position but the market turned immediately. I felt after seeing those spikes in the chart the market could be at a reversal point. I had to close at entry. I tried again and the markets again pushing north to give me 5 points. I didnot trade the rest of the day and I was right about my suspicions, later on the day an evening star in th 60 min chart and a downward movement followed after this pattern.


1 Comments:

Blogger Michael said...

Thanks for the link. (By the way, the link in the previous article is bad)

3:25 PM  

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