Position Sizing

Trading education series by Amber Lee Mason on position sizing:

Position sizing is the part of your investment or trading strategy that tells you how much money to place in a given trade.

By keeping your position sizes intelligent and small, no unusual move in one particular position will produce a catastrophic loss.

 

The Most Important Thing Ever Said About Trading

Trading education series by Amber Lee Mason on the words of wisdom by George Soros:

"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong."

The idea behind Soros' quote is that letting your winners ride and cutting your losers short yields extraordinary results...

 

5 Pearls of wisdom from market wizards

Jack Schwager shared five of the many wisdom he collected in his book "The Little Book of Market Wizards":
1. Find your investing personality
2. Find an edge
3. Manage your risk
4. Be disciplined
5. Flexibility to change your mind

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