Your Almost Daily Bit of Wall Street Wit & Wisdom

Manute Bol and Muggsy Bogues

Manute Bol and Tyrone “Muggsy” Bogues, 1987 h/t Jerry Wachter/NBAE/Getty images

“Not only your returns but also your risk of ruin is dependent on your position sizing.  Your risk exposure determines your long-term results regardless of how good your trading method is.”
— Steve Burns, @SJosephBurns

Proper position sizing is based on your psychological and financial tolerances for risk.  And that differs for each individual trader.

Best regards,

Steve

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