Emphasize Bet Size

This is the first time I have seen what I believe in completely. Trade Size should depend ON THE TRADE SET UP.

TY Robert you know your trading.

ES

Robert Morse said:
Hi SabreMan,

I'm going to disagree a little. I agree that an account with $1mm needs to play larger than one with $100K. I'm not sure that an account with $10K should play bigger than one with $25K. You have to consider what you can afford to lose if that is all you have.

When we get beyond that, I think it is more important to focus on placing bigger bets when you have a higher confidence vs low confidence. Too many traders place the same size trade for good ideas vs great ones. You have to have a prcoess to rate your trades and go back later and update those evaluations.
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Try to analyse your trades and rank them...give it a try...I am sure you can find some unique attributes..You will grow equity at astounding rates. The market does not know what your condition is...don't you see how silly your betsize method is?

ES

P.S. You are an automated trader. Let me give you an idea. Map the time of your trades and see if certain entry times yield better. If you discover something have your coder code it...or simply do not take a trade during an indicated time...

P.S. S. Here is another idea...see where your trade compared to support and resistance ...adjust your code to live with your R:R that the S/R indicates! If your in the middle your trade will have a better chance to reach its target..higher betsize for that one...

P.S.S.S. Here is a third idea...where is your ATR at the time of entry? How does it compare to your static inputs that do not grow and shrink with range?...


SabreMan said:
Good week in the market. Upping my bet size to 3550 GBP [about $4500].

Aim is to get to 10,000 GBP eventually, but will drop down bet size after losses, increase after winners.
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