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Size up

To increase position size - legitimate when it follows a rule, and one of the most common places a plan quietly dies when it does not.

Sizing up is neutral in itself. Systematic reasons exist: a larger account, a higher-quality setup grade, a wider edge, a scheduled scaling step. Each of those can be written down and checked.

The other kind arrives as a feeling - a run of wins, a strong conviction, a need to make the week back - and it produces position-size-creep and revenge-size. The test is simple and worth applying before every order: can I point to the written rule that produced this number?

Related: position-size-creep, revenge-size, position-sizing, risk-per-trade

See it drawn

Original diagrams for the ideas on this page. Illustrative, not real market data.

How a position size is worked outAccount size, risk per trade and stop distance feed into one box giving the number of shares.ACCOUNT SIZE$25,000your capitalRISK PER TRADE1%of the accountSTOP DISTANCE$0.50entry to stopPOSITION SIZE500 sharesrisk budget: $25,000 × 1% = $250position size: $250 ÷ $0.50 = 500 shares
Working out a position size. Three numbers decide how big a trade is: the account, the share of it put at risk, and the distance from entry to stop. One percent of $25,000 is a $250 budget, and a $0.50 stop divides into that 500 times.

Educational only, not advice. Spotted an error? Post in Site Feedback.