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Position Sizing/Full Time Job

QuestionsCategory: QuestionsPosition Sizing/Full Time Job
Esteban Ponte asked 3 years ago
Hello Pat! Thankful for the work you and the team put in everyday. I am new member and have already learned a great deal and I am very much thankful for the mentorship you provide. I read through some questions asked about trading with a full time job and how you recommend to set a BUY STOP and contingent SELL STOP which was really helpful for me. Also, you mention to look for "long bases with clean, simple entry" which already takes much pressure off. But where I am seeking guidance is in position sizing within the context of having a full time job. You mention to set very tight stops (1-2 points), but I am concerned that will cause me to be stopped out frequently and potentially miss a big move. How should i position size with a stringent BUY/SELL STOP as someone who can sometimes glance at the markets/positions during work? And also, how could I use the same strategy to ADD on to positions I am already in. Thank you!
1 Answers
Avatar photoOwen Staff answered 3 years ago

Hi Esteban,
Video from Patrick:
https://youtu.be/XswUNfwIv0M