{"id":61862,"date":"2016-12-04T02:36:01","date_gmt":"2016-12-04T10:36:01","guid":{"rendered":"https:\/\/brookstradingcourse.com\/?p=61862"},"modified":"2021-06-15T08:12:11","modified_gmt":"2021-06-15T15:12:11","slug":"maximum-position-size","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/ask-al\/maximum-position-size\/","title":{"rendered":"Ask Al: Trading maximum position size"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">When to trade maximum position size?<br>BPA trading room Q&amp;A: July 6, 2016<\/h2>\n\n\n\n<p class=\"content-box-green\">Question: Do you ever enter trades at your maximum size, or do you always allow for a possibility of scaling in?<br><em>Audio duration: 2min 15sec<\/em><\/p>\n\n\n\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/12\/Ask-Al-Brooks-Trading-Position-Size.m4a\"><\/audio><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Context rules \u2013 size accordingly<\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/12\/Ask-Al-Brooks-ES-Chart-Trading-Position-Size.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"209\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/12\/Ask-Al-Brooks-ES-Chart-Trading-Position-Size-300x209.png\" alt=\"Ask Al Brooks - ES Chart Trading Position Size\" class=\"wp-image-61868\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/12\/Ask-Al-Brooks-ES-Chart-Trading-Position-Size-300x209.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/12\/Ask-Al-Brooks-ES-Chart-Trading-Position-Size-768x534.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/12\/Ask-Al-Brooks-ES-Chart-Trading-Position-Size-600x417.png 600w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/12\/Ask-Al-Brooks-ES-Chart-Trading-Position-Size.png 838w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>A lot of times, I just do my maximum size. Like in this kind of situation [B19\/20], I just hit \u201cbuy the market\u201d somewhere in there and just hold my nose and manage the trade.<\/p>\n\n\n\n<p>But in a situation like this [Tight trading range B32-41], if I\u2019m selling that high [B38], I\u2019m trading small &#8212; a lot of times a quarter position size, a third position size. I\u2019m trading small using really wide stops, and scaling in higher or on the way down buying below bars, same thing.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Trade small<\/h3>\n\n\n\n<p>The most of my trades are not my full position size. A lot of them become my full position size, because I\u2019ll enter a second time, sometimes a third time, but most of the time, when I see a lot of two-sided trading, I\u2019m not trading full position size, because I want to allow the possibility of adding in, without adding stress.<\/p>\n\n\n\n<p>If I initially take a limit order trade at full position size and the market pulls back a point or two and I add on, then I\u2019m two times position size, three times position size. I don\u2019t want to be doing that, you know, because I\u2019ll be stressed, right? I\u2019m a guy; I\u2019m a person and I have feelings and <a href=\"https:\/\/edubirdie.com\/blog\/talking-to-yourself-a-sign-of-sanity\" target=\"_blank\" rel=\"noreferrer noopener\">I would be telling myself<\/a> &#8212; I would feel bad; I would be feeling like, \u201cAl, you idiot. That\u2019s not how you trade. Why are you doing that?\u201d So I would be hard on myself, and I never want to do that.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u201cMaybe this time\u201d trades<\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2016\/12\/stress-free-zone-sign.jpg\" alt=\"Stress-free Zone Sign\" class=\"wp-image-61873\" title=\"\"><\/figure><\/div>\n\n\n\n<p>There are ways to trade to make money and that\u2019s what I only want, that\u2019s all I want to do. And I don\u2019t want to say, \u201cOh, maybe this time, you know, it will be different.\u201d No, I\u2019m going to do what has worked and I\u2019m going to avoid \u201cmaybe this time\u201d type of trades.<\/p>\n\n\n\n<p>Also, most traders who trade a long time have good size accounts, they have multiple accounts, and they are trading a small portion of their accounts. They can trade many times larger. So, in a way, I am somewhat flexible. Sometimes I trade more than my maximum position size, but rarely. I prefer to trade my position size or smaller, and that way there, I don\u2019t worry about anything.<\/p>\n\n\n\n<p><em>Al Brooks<\/em><\/p>\n\n\n\n<p><a title=\"Al Brooks&#039; trading room\" href=\"https:\/\/www.brookstradingcourse.com\/online-day-trading-room\/\">Information on Al&#8217;s Online day trading room<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n","protected":false},"excerpt":{"rendered":"<p>When to trade maximum position size?BPA trading room Q&amp;A: July 6, 2016 Question: Do you ever enter trades at your maximum size, or do you always allow for a possibility of scaling in?Audio duration: 2min 15sec Context rules \u2013 size accordingly A lot of times, I just do my maximum size. Like in this kind [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"shadow","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[159],"tags":[],"class_list":{"0":"post-61862","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-ask-al","7":"entry","8":"has-post-thumbnail","9":"override"},"featured_image_src":null,"author_info":{"display_name":"BTC Admin","author_link":"https:\/\/www.brookstradingcourse.com\/es\/author\/richardhk\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/61862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/comments?post=61862"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/61862\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=61862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=61862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=61862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}