My position sizing is depends on my mastery in a specific trading setup. I have criteria that I keep following for me to have a good position sizing. Traders should also focus to improve position sizing because it is part of risk and management that is important in order for us to protect our capital and maximize our returns. My position sizing always depends on my mastery and also the general trend of the market. If the trend is uptrend, I can put 25%-75% of my capital. If the trend is sideways, the maximum position that I can put is 50% but when the market is in downtrend I only allocating below 25% of my capital in order for me to have good risk and management.
Thanks TitanGEL, This poinst makes lots of sense to me.
Pls few clarifications on the following:
-What criteria you keep following to determine your PS (Position size)? Only mastery and general market trend?
-WHen you said '...traders should focus to improve PS...' do you mean Increasing our position size or just improving position sizing skill?