Position size is the only risk decision that matters

Traders think the stop is where risk gets decided. It is not. The stop only tells you where you were wrong. Position size decides how much that being-wrong actually costs.

Two traders can take an identical setup, with the same entry and the same stop, and end the week in completely different places. One sized for the account they have. The other sized for the account they want.

The full article covers why the stop and the size do two different jobs, the four-step arithmetic that replaces gut feel, and what sizing up on good trades really tells you about your edge.

Read the full issue on Substack →

For education only — not financial advice.