Intro Note: Hey, before I get started, it's that time of year again - time for a War Room Open House. We do this only once or twice a year, so it's always special. It's your chance to join Bryan and me and everyone else in The War Room - free of charge. That's right. Free. Nada. Zilch. No credit card is required, and it could be the most profitable week of your life! During our last Open House, we made 20 trades - and all 20 of them were winners. Click here to sign up for our War Room Open House from May 9-13.
Karim Rahemtulla, Head Fundamental Tactician, Monument Traders Alliance Position sizing! I talk about it all the time. But... how do you implement it? I have shared ideas on how to use it before. But during such a volatile period, I think those ideas bear repeating. Position sizing is meant to prevent a massive blowup in your portfolio by limiting how much you invest in any one position or with any one strategy. It also covers how to use stop losses to avoid further damage. Some parts of position sizing - the parts that relate to buying and owning stocks - are one-size-fits-all. But the guidance for other areas - such as short-term options, LEAPS or put sells - will vary from person to person. Don't worry - you will get a general idea. |
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