Hi Pet,
I have a full-time job in the software industry. Later stock market and especially CAN SLIM approach of investing stat attracting me. So recently I started trading in the stock market. Right now I am very confused about position size as to how much I should buy. I join you a month ago and religiously buying/selling whatever you post on Twitter. Plus I also do a few of my own Buy/Sell. From last month I could not make much of profit as I frequently stepped out from my buy. I started with a $20,000 buy position and am now reduced to $5,000-$6,000 buy position due to many losses I booked last month. I set up a stop loss to not more than 5-6% of my personal buy and the buy you recommend I do not put any SL and sell when you say so.
Can you explain to me through a video how we should position size and what will be our approach when we start booking losses or profit in a given market time period? Do you always have a fixed position size to buy to start a trade or you adjust the position size based on how your performance from last month?
Thanks in advance,
-Anilesh Lakhtakia
2 Answers
Hi Anilesh,
I've posted your question up on our internal board and I'm sure Pat will make a video for you soon. In the meantime, I wanted to make sure you had this video; it shows how to find content on the Mission Winners site.
https://youtu.be/1B3Q3RYuI5g
Hi Anilesh,
Pat made this video for you:
https://youtu.be/GY2RTnSHSig
Thanks a lot Pat, love your answer. This video is really helpful. You almost pronounce my name correctly 🙂
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