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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Ken Adams who wrote (1090)6/19/1999 7:45:00 PM
From: TraderAlan  Read Replies (2) of 18137
 
Ken,

I use share size for risk management. I'll go through periods when most entries are 500 to 1k. If things aren't great, I'll drop to 300 - 600. Never traded over 1K and don't intend to. I don't trust my judgement THAT much ever.

Besides I'm much more interested in hitting singles and doubles than home runs. I'd rather regularly put hundreds in my accounts than lose thousands any particular day.

Also believe there is an optimum size for each unique strategy. In other words, results will suffer above or below a certain size. This is especially hard for the gunslingers to understand. All the Wizard books show traders making the BIG trade.

This leads to a natural bias that more size = more success.

Alan
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