Position sizing is the “how much” part of the equation when you trade Forex. Its purpose is to help you meet your objectives” – Van Tharp, Market Wizard “Your position sizing strategy helps you to determine how much equity to risk on every trade. It’s time to shift your attention away from your charts and onto position sizing. Now it’s time for a remedy – to stave off your addiction. I know I’m guilty of this deadly sin, and my trading has suffered for it. When you’re working on your trading strategy, the lure of the charts is tempting. “Limit your size in any position so that fear does not become the prevailing instinct guiding your judgement” – Joe Vidich, Market Wizard “Position sizing is the key to meeting your trading objectives.” – Van Tharp, Market Wizard He would double his money on two different occasions every year, but still end up flat” – Bruce Kovner, Market Wizard ![]() ![]() For every one contract I traded he traded ten. “So where was he going wrong? Position size.
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