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Show Notes
Subscribe to the show Most system traders do not just increase their bet size on a whim. Many have their risk systematized to be a fixed percentage of their overall equity conjugated with the volatility of the instrument. They increase their risk systematically and only trade larger when their capital base grows due to gains or from adding capital to their account. Chart readers can do the same thing although they have to do it by hand. Be careful if you increase your size because you think "you are on to something..." and get too big too soon. That can come from hubris which we spoke about recently in another episode. You can look at your winning percentage and ratio of win size to loss size to help determine if/when you should increase your bet size / risk unit. Click here to get your free copy of The Inner Voice of Trading audiobook.