2 Bulls in a China Shop - "Can You Dynamically Size in The Moment?"
This week Fleri joins Baba Yaga and Bear Goes Long to discuss trade sizing and the factors that go into determining the appropriate size for a trade. The panel discuss different approaches, including analytical methods, gut feelings, and setup-based decisions. They also explore the concept of asymmetrical risk and how it can impact position sizing. The emotional aspect of trade sizing is highlighted, with the importance of maintaining mental capital and avoiding pressure-driven decisions. The conversation touches on the challenges of adding to positions and the impact of volatility and day type on position sizing. The participants also discuss the limitations and goals of prop trading and the importance of managing risk to ensure longevity in trading. The concept of tiered risk and adding to winning trades is also discussed, as well as the challenges of (responsibly) sizing up before wrapping things up with the Good, Bad, and Ugly, they each share their successes, challenges, and lessons learned from the past week!