By Brett Steenbarger:
A reader recently asked me a good question for these volatile times: "How can I trade the way I want to trade and not trade P&L?"
I will provide my answer to this question, but then I'd like to invite readers to submit their own answers via comments to this post.
For me, position sizing is a psychological strategy as well as a strategy for risk management. If I have a system for position sizing and a stop-loss level, I can define precisely how much dollar risk I want to put into a trade idea.
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