How can traders effectively determine their position size in order to minimize risk and maximize returns when day trading?
Will share what i do … fr equal risk in all trades, decide sl before taking trade so if trading 5k as sl in all trades, thn 5k divided by the difference in current price n sl price. This will determine no. Of shares to buy or sell.
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Position sizing is fr saving capital nt fr maximising returns … min.1:2 risk rwd (w 50% accuracy also) wl give you gd returns n thn position sizing wl help , if rr is good.