A reminder for beginners: $SOXSB 24h is up 4.6%, with a current price of 51.21.
Many people lose money not because their judgment is wrong, but because of their position sizing: their positions are too small when they're right and too large when they're wrong. The solution is simple—use a fixed position size, such as investing only a small portion of your total capital each time, so that neither a win nor a loss on any single trade can do serious damage.
What percentage of your capital do you usually allocate to a single trade? #SOXSB
This content is for discussion purposes only and does not constitute investment advice.
Many people lose money not because their judgment is wrong, but because of their position sizing: their positions are too small when they're right and too large when they're wrong. The solution is simple—use a fixed position size, such as investing only a small portion of your total capital each time, so that neither a win nor a loss on any single trade can do serious damage.
What percentage of your capital do you usually allocate to a single trade? #SOXSB
This content is for discussion purposes only and does not constitute investment advice.