Price Action Trading Support Forum

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 Post subject: Change in Position Size Management
PostPosted: Thu Jun 13, 2019 8:58 pm 
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Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4325
Location: Canada

TheStrategyLab Price Action Trading (no technical indicators)
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I've been getting a lot of emails the past month by readers of the archive chat room logs about my position size management has changed (dropped) to 3 contracts or less from 10 contracts.

Position size management is part of my overall risk management and a variable in my principles to prevent or minimize the risk of ruin that swallows most day traders.

Reality, my average position size has be declining since 2009 including the number of trades has been declining too...mainly because of the financial crisis between 2008 - 2010 and the impact it has had on my psychologically. Thus, I strongly believe the markets has more risk since 2009 due to global economics and geopolitical policies along with the increasing fingerprints on the markets by world leaders trying to dictate market performance with policy statements during trading hours.

With that said, the current main reason is that I'm slowing down my trading to better manage the stress level that has been increasing since I've returned back to trading full time. My doctors notice my increased stress levels when I did the CME Group Pro Challenge trading tournament.

The issue is that it was only a simulation trading tournament and I was stressed and that stress has continue into my real money trading.

Further, I have a relative that's very close to me that's very ill. She's living in France and has returned back to the U.S. to be closer to family members. She's battling cancer...terminally ill. I talk to her almost every day and will be taking many days off (3 day weekends and a week here and there) to spend time with her.

The above is the primary reasons why I'm keeping my position size management @ 3 contracts or less because I get too easily stressed when I move my position size back to the norm of 10 contracts. There's also a physical result...increased headaches and pain behind my right eye whenever I'm super focus on any task that's trading related or not related to trading. Currently, I'm under going exams to make sure there's not a medical reason for the intense headaches and pain behind my right eye.

Trading thing is not the most important thing in the world and my life/death illness in the fall of 2016 was a great reminder about that...lucky to have survived that. The reasons mentioned so far are more important reasons to me personal that impacts my position size management as part of my risk management.

To learn more about risk management...the CME Group offers a free risk management education course and I highly recommend any new trader, beginner trader, trader that has blown up a trading account and a trader that has not has consistent profits...please complete the free risk management course by the CME Group.

Image Risk Management Course @

Also, just in case you're one of the private thread members that has access to my private trade journal...I'm slow to updating my private trade journal for those that have access to it but the archive chat logs are automatically updated at night @

Best Regards,
M.A. Perry
Online user name wrbtrader (more info about me) @ &
TheStrategyLab Review @
TheStrategyLab Price Action Trading (no indicators)
Trader and Founder of WRB Analysis (wide range body/bar analysis)
Image@ Image@
Phone: +1 224 307-4434
TheStrategyLab Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002

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