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  • Do Good Traders Vary Bet Size?

    From 50in50.substack.com

    In Alpha Trader and The Art of Currency Trading, there is detailed discussion of how to vary bet size according to market volatility, and according to conviction level. Varying bet size according to volatility is not controversial. If the S&P is moving 5%/day, you need to trade smaller than when it’s trading 1%/day. And it also stands to reason that if you are extremely confident on a trade, you should invest more in that idea than a trade where your confidence is just 6 out of 10. But maybe that’s wrong! The reason that could be wrong is that the idea is only sensible if there is a known, positive ... (full story)

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Do Good Traders Vary Bet Size?


What a STUPID question.
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Mindset and probabilities:

“Bet size” attaches a connotation of luck or chance.
A good trader has control of their mindset and acts in probabilities.
I'm going to disregard this garbage article first off because of the title.

"bet size!?" Its position size. I'm a trader, not a gambler.
lol, what?...position size is the perfect term to coin here...bet - is used while we don't know what we doing... bigger the position size , hig RR depending upon your strategy , small position size Low RR .....
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Last Time on commented on similar subject in a forum I had a certain member running away with the assumption that I begrudged "successful traders"...That Person shall remain nameless here since anyone can check my comments and see who I am talking.

Suffice it to say that Trading is not really cut and dry but a continuum meaning that there is an element of gambling in trading the trouble is its very easy for one to start off as a strict disciplined trader and make increasingly gambling moves that make even some of the loosest gamblers look conservative.

Here is where I side with those who prefer Algo Trading!

If you algo trade then its much easier to just let the EA manage the trade!
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  • Posted: Aug 11, 2022 4:15pm
  • Submitted by:
     Newsstand
    Category: Educational News
    Comments: 6  /  Views: 2,117