position sizing
Position Sizing

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Special offer: Just $795 $397 includes all 3 DVDs including actual trade examples with Ken Calhoun             YES! Order Now

DOWNLOADABLE MOMENTUM DOUBLER POSITION SIZING PREVIEW WEBINAR:
Watch nearly 1 full hour of thoughtful, professional strategies in this complimentary preview video I've arranged for you to get.

Simply right click on the link below and choose file save as to download this complete 151-Mb preview video:
https://s3.amazonaws.com/dtu/HowToUsePositionSizingIntroMarch2011.wmv



 
Ideal for both Day and Swing Traders: you'll learn position sizing entry & exit tactics for swing trading and day trading
 
 
Ready to Learn How to Trade with Scaling-In "Position Sizing" Advanced Techniques?
Discover how it works with 3 "Life Changing" Trader DVDs To Learn From:




Here's What You'll Be Learning In This "Momentum Doubler" Position Sizing DVD
     
  What position sizing is and how it works, using actual trade examples (like the P&L screencaps on this page). You'll see why this can correct for bad entries, and help you transform your trading strategy in one phenomenal step.
     
         Core trading strategy for using "scale up" positions, with basic strategy explained so you will learn exactly when and how to add to positions (while keeping initial stops as small as possible). This gets you started with a specific process to use in all your trades.
     
  Trading "Position Sizing Blueprint" process that helps you easily and quickly determine where to place buy-stop scale-up entries for all of your trades. This "foundation" for trading success uses actual proprietary, easy-to-follow entry and exit strategies that you'll learn about using current-market trading charts.
     
  How to set your entries using a real broker interface example with actual trade entries. Plus Q&A to answer your questions about how to set multiple entries and manage your P&L "backend" during trades. We look at live charts as a team, then set multiple entry triggers to learn from.


Here's What You'll Be Learning In This "Momentum Doubler" Position Sizing DVD
     
         You'll discover exactly how to set entries to continue winning trades in trends, plus "countermeasures" for trading during consolidating market conditions. You see exactly how to trade during uptrends, downtrends and choppy markets — with three very distinct trading strategies to be used for both pivot and breakout trades.
     
  How to add to winning positions with a) a SINGLE add-on trade, b) a DOUBLE add-on trade, and c) how to use different SIZE for each strategy. This is critical to know, easy to use, and will transform how you trade forever.
     
  Professional trading "edges" — you'll see how to make simple "adjustments" to your trades for both intraday and swing trading styles of trade entries.
     
  Advanced trade management tactics: how to allocate percentages of your capital to each trade from start to finish, so you'll see how to manage the "big picture" as well as specific entries & exits.

 




Here's What You'll Be Learning In This "Momentum Doubler" Position Sizing DVD
     
         How to use your unrealized P&L numbers in each trade as a CORE indicator for trade decision-making. Only a real trader could show you this, because it goes far beyond simplistic chart patterns like others teach. You MUST know how to manage off your unrealized P&Ls to trade successfully, and that's one core tactic you'll learn about in this dynamic session.
     
  Breakthrough trade examples for managing your EXITS — you'll unlock useful new tactics to help you quickly see exactly where to set your initial stops in each trade.
     
  How to use SINGLE vs TWO-STEP STOPS... this makes a huge difference, as you'll see why you should usually never completely stop out of a position in a single trade, but rather exit it in two different "partial-trade" exits. Seeing how this works is absolutely essential, because it reveals the "getting out" of both winning and stop-out positions quickly.
     
  Personal trading action plan: I'll facilitate and "walk you through" as you develop a specific outline of next steps you'll take during the weeks ahead for implementing and testing out all you've been learning, in your own trades.

This is a great way to walk out of the 3 sessions armed with a trading plan that you can begin using immediately.

 

WHAT IF I COULD SHOW YOU EXACTLY HOW I MADE PROFITS LIKE I DID ON THIS TRADING DAY IN MY ACTUAL REAL IB TRADING ACCOUNT, BEING RIGHT JUST 30% OF THE TIME?
(note that per sec regs, no profitability claims can be made regarding how well you can do, and generally-expected customer results are that all traders will incur some trading losses, since trading is a speculative, high-risk activity).
 
I'll show you how I did it, thanks to my "Momentum Doubler" profit-taking strategy... as you can see, my stops were many (and small!) and the wins outdid the stops, banking me a tidy $660+ in profits in this single trading day (verified June 7, 2010 trades):
 

This is a total "game changer" for active traders — and you should learn from me because these are examples of actual real trades I did (not hypothetical bs like the wannabe trading industry vendors try and foist off on unsuspecting traders). Get real. Demand to learn from a real trader, who can make profits like I did.

Note that due to compliance regs, I cannot guarantee nor infer that you can make profitable trades like I did. Generally expected customer/trader results are that all traders will incur trading losses and most do not become profitable, as trading is a high-risk speculative activity that is not suitable for most investors. But at least I can "show you the ropes" and reveal exactly how I manage my entries and exits to scale into winning trades (and keep stops as tiny as possible for losses).

The Bottom Line? It's all about the math — "it all adds up"... and that's what I'll teach you in this upcoming "Momentum Doubler" trading series. Only a real trader could show you this, because that's what it takes.

LEARN FROM A REAL TRADER (with P&L examples of actual recent trades, like this) — IT COUNTS.
 

How Much Better Could YOUR Trading Be, If Only...
  
You Knew How to Manage Your Trade from "Start to Finish", with specific entry and exit scale-in strategies? (and most importantly, how to add to winners and scale out of stops?)
You Were Able To "Get Out Before It Turns" against you, once you're in a winning trade? (and more importantly, how to scale up and down with "Dynamic Position Sizing", explained so that you can manage your trade depending on exactly "how right or wrong" your entry is?)
You Could Tell by Quickly glancing at your charts, where you should "Double Down" into a winner, while standing clear of choppy entries?
You Knew Exactly How to Spot When your entry is weak and how to scale out of bad entries with minimal stop losses, using specific broker P&L stop pattern strategies? (this is critical to success, seeing exactly HOW and when to scale down when you're wrong).
You Have the Confidence in Your Trading Decisions based on "micro breakout" patterns, as revealed to you in the specific position scaling-in tactics that are revealed using what you're about to learn in these valuable webinar recordings?
  
...Well Now's Your Chance to Learn from Ken Calhoun, an authentic active trader, with specific broker P&L step by step "how to enter and exit" position sizing tactics, once you register your spot for the 3 "Momentum Doubler" System, Including 3 DVDs with step by step examples, designed to show you how to trade better:
 
  
Got pre-sale questions about the Momentum Doubler System?
Simply click the "Support" tab on the left of this page to submit a question.  

FAQ: What's unique about this system compared to your other ones?
The main difference between the Momentum Doubler system and my other systems is the focus specifically on position sizing, of how to scale into and out of trades with professional trade management skills. The goal is to help traders develop the skill to learn how to scale into winning trades, which mean adding to winning positions. It also shows you how to exit and scale back out of trades using trailing stops and hard stops for locking in gains once a trade has gone in your favor.

And, how to set initial stops for trades to potentially minimize risk for trades that go against you. It combines a powerful approach using "the numbers" of position sizes to help you see exactly how to start off all trades with small size, then gradually add to only those that are working out. It's a very conservative, careful, professional approach to trading. You'll see where on a chart to start your initial position, then how and where to add to it once it's started moving in your favor (and how to trail stops and exit the trade once in, as well as sizing up/adding to the winning position), which is a skill most professional traders use.


Who Is This Well-Respected Trader (& Expo Speaker), Ken Calhoun?

Ken Calhoun is President of Daytrading University.com, TradeMastery.com and StockTradingSuccess.com (with Steve Nison). Having provided online training to active traders from over 32 countries since 1999, he is an internationally published trader who's earned industry awards and critical acclaim from traders around the world for his professional trading systems.

Featured in leading trade publications and events including Technical Analysis of Stocks & Commodities magazine, Active Trader Magazine, Moneyshow's Traders Expos, theStreet.com, and CBS Marketwatch.com, Ken has been a popular figure in the active trading scene for over a decade, and has co-produced two bestselling stock trading DVD systems with Steve Nison.

 

Although He's a UCLA Grad and Former Corporate Quality Engineer, Discovering How To Trade Still Took Him YEARS to "Get It Right"...And Now He Trades Every Single Week
Like Clockwork — He'll Show YOU How To Trade In & Out...


Ken will tell you he made every mistake in the book (and then some) on the path to learning how to trade correctly. Now he's able to make thoughtful trade entries, thanks to meticulous testing and experimenting to find out what works best, updated for each week's markets. As a former corporate quality engineer and statistician, dozens of Fortune 500 companies (including Ford, McDonnell Douglas, Sheraton, Chevron and Rockwell International) relied on him to help them improve operations and "the numbers"... he took this experience to help him learn how to trade, and he's thrilled with what he's learned.

Ken reveals position sizing tactics the Momentum Doubler system for active traders, so you can learn everything he's tested out with hundreds of actual trades he's done.

As an internationally published business management consultant, Ken previously trained over 31,000 people in over 147 companies worldwide. He took his profits from his successful consulting career and discovered the world of active stock trading, where he's been working to help other traders use precision, advanced trading strategies in their trades. You can see examples of his actual recent trades at his popular www.TradingTalk.com forum.


Ken's Daytrading University site has been trusted by over 8,100 traders worldwide to learn how to swing and day trade stocks, and is considered a premiere resource for active traders. He has interviewed Brian Tracy, Toni Turner, Dr. Van K. Tharp, Larry Levin, Steve Nison, Kathy Lien, Boris Schlossberg, Dr. Doug Hirschhorn and others and is a popular, sought-after seminar speaker and industry figure with credibility.

Unlike the majority of people in the trading industry, Ken is a genuine trader and has helped thousands of traders since 1999, when he first founded Daytrading University.



 
See how I've set my stops, scale-in entries and more in these actual trades I was making, below?

I'll teach you exactly how this all works, using my own IB (InteractiveBrokers.com) TWS/trader workstation, as we go through setting multiple scale-in entries, stops and more. All shown to you in this upcoming "Momentum Doubler" training for active traders.

This type of simple, easy-to-use strategy is what you'll be learning about; how to set entries (using buy-stop orders) for multiple position entries, like you can see I did in these actual trades below:

 


Why Is This So Important (and Valuable) For Active Traders?

Adding to winning positions, known as "position sizing" is a key to successful trading... because it helps you manage your P&Ls very carefully, like professional floor traders and wall street professionals do. It's absolutely essential to learn how to scale in on multiple entries, and learn how to do it for yourself from a real trader.


I'll teach you exactly how this all works, using my own IB (InteractiveBrokers.com) TWS/trader workstation, as we go through setting multiple scale-in entries, stops and more. All shown to you in this 3 DVDs system.

The first DVD shows you how to develop a specific methodology for your own trades (whether you trade forex, eminis or stocks, for either day or swing trading). This trading plan is the step-by-step foundation for all you'll be doing.

Next, the second DVD reveals how to set specific triple-entry triggers; where you get your initial "test" trade set, then your secondary "in the money" trade... then a final "money shot" scale-in before tightening in a close trailing stop. The rest is history. You'll be impressed once you learn how it all works.

The thrid DVD reveals my proprietary exit triggers, and the specific "how to quickly decide where to trail a stop" for both single- and double scale out positions. For example if I'm in a winning RIG trade with 200 shares, I'll show you how to manage a partial exit with 150 shares to lock in a gain, then where to set the exit trailing stop on the remaining 50 shares, and so on.

One key difference between professional traders and at-home frustrated losing traders, is professionals manage their money and their scaled-in positions like a hawk, very nimbly, accurately setting trailing stops (and initial hard stops for out-of-the money trades) to help protect open profits. Our goal is to trade to make money, not to just 'be right' with academic could've-would've chart patterns like amateur trading industry vendors pitch. You need to learn the P&L management side of the equation.

These stunning DVDs show you the little-known tactics that skilled day & swing traders can use to manage their "back end", the all-important money side of the equation. By adding to winning positions only (and starting off all trades as small-share probing trades), you can potentially keep your stops as small as possible, while only adding to the winners once you see the specific breakout tactics you need to start using, to trade more carefully and more cautiously.

And of course, adding to winning trades only is a great way to "leverage" your capital and skillfully enter and exit your positions. You'll learn everything you need to know in this rare live online three-webinar series for active traders...

 




 




THANKS! To all the traders who thoughtfully posted their comments — I appreciate it. .

Disclaimer: The testimonials seen may not be representative of the experience of other clients. The testimonials seen are no guarantee of future performance or success.


March 26 7:18AM

trade management        

"Position lets me profit on all moves with equal risk based on stop loss amount. My question: How do you decide to exit your trade to maximize the profit ? Do you scale out ?" - Law S.

March 26 6:54AM

trade management        

"Have been doing this but not systematically. Teach me please" - Alan A.

March 26 6:05AM

trade management        

"The stoploss that you use for day trading is that the same for a swing trade or is here a different strategy needed ? Thanks." - Mielke S.

March 26 3:31AM

trade management        

"Whenever I'm in a losing trade, my reflexive feeling is to double up and average down, but it seems to backfire over and over.. so instead, I'd like to learn how traders make money by doubling up on winning trades." - Vladimir G.

March 26 2:57AM

trade management        

"Yes, I want to learn the differences between position sizing for day trading and for swing trading, I'm sure there must be slight differences to look for, and just what are those differences?" - Janice Lynn J.

March 26 12:26AM

trade management        

" I already have a positon sizing method, so it will be interesting to see another approach." - Paul C.

March 26 12:03AM

trade management        

" I am a fairly new options trading.  I need to learn all I can about position sizing, risk/reward ratio, and trade management." - Jim W.

March 26 12:01AM

trade management        

"I really want to learn how to add position in winning trades & how to exit at loosing trades at minimum loss. I guess Momentum Doubler is the key for that." - Mohit S.

March 25 11:22PM

trade management        

"I am curious about scaling in and scaling out technique" - Francois C.

March 25 10:52PM

trade management        

"Ken - please share rules about how you add to positions based on the price of the stock .... also what 3 things do you look for as a cautionary sign to decide against adding to a position even when the stock seems to be breaking out ?" - Anjali S.

March 25 9:55PM

trade management        

"Learning out to scale in and out of trades would be most helpful." - A.F.

March 25 9:50PM

trade management        

"Using position sizing to take advantage of moves in my direction makes sense to me, but I don't know how to do it. If I add on when prices rise, for example, aren't I "averaging up"? Do I move stops to break even? Are there other applications for using position sizing?" - Mary K.

March 25 9:25PM

trade management        

"Scaling in and out of both winning and losing trades is something I want to refine." - Steven M.

March 25 8:48PM

trade management        

"breakouts plus sizing.whats better than that." - Gary W.

March 25 8:35PM

trade management        

"Hi Ken,  I need info Re:Position sizing as most of my losses relate to mismanagement of trade funds ." - David C.

March 25 8:21PM

trade management        

"Your position sizing are new to me, however, I like what I'm learning and I'm sure that I will have use for that in the future. Thank you very much." - Mariusz K.

March 25 8:09PM

trade management        

"I've been with Ken a number of years and never regretted it. I couldn't trade without his suggestions." - Joy S.

March 25 7:53PM

trade management        

"Good position sizing will enable me to let my winners ride the momentum, and cut my losers short. I want to know whether your method applies to forex too." - TJ

March 25 7:36PM

trade management        

"Will you also short with this technique" - Dan H.

March 25 7:04PM

trade management        

"...scaling in and out of stock positions is a great way to manage risk.But its hard to keep up with all the charts if you dont want to trade only from your P&L..." - Chris S.

March 25 6:42PM

trade management        

"Position sizing has a good press. Many analysts praise its importance, but few shed clear light on it. Looking forward to seeing some light." - Gary B.

March 25 6:20PM

trade management        

"For swing trading, should I add to a position on a dip?" - Eric B.

March 25 6:15PM

trade management        

"I often trade forex with the minimum size (1 mini lot), thus I cannot scale out and do not dare to add, which means I stay in the trade or get out and usually do the wrong thing. Do you have any suggestions how to better decide whether to stay in or get out?" - Karin D.

March 25 6:14PM

trade management        

"Hi Ken. I am a novice trader. I like the idea of putting the odds in my favior. I didn't understand all that you explained, because of my trading abilities.I will continue to learn until it becomes understandable. Thanks." - Tyrone P.

March 25 6:12PM

trade management        

"Is your stop moved up to break even on first pos as you add more positions and do you put a tighter stop on the newly added" - Greg M.

March 25 6:10PM

trade management        

"Ken you are among the best I have seen. Thanks for all the trading tips. Position sizing is one of the most important elements of successful trading, I am looking forward to your take on the subject." - Stu M.

March 25 5:48PM

trade management        

"Always enjoy Kens hi energy teaching.backed this up by owning all his earlier DVD's" - Alan H.

March 25 5:48PM

trade management        

" I'm interested in hearing how you might be able to use position sizing to ride out the choppiness of brief price pullbacks." - Steve B.

March 25 5:32PM

trade management        

"I like the concept of keeping position size small on losers and adding to winners up to a maximum position size.  I would like to refine this concept in my trading plan." - Patsy G.

March 25 5:32PM

trade management        

"Position sizing helps me get into issues without a lot capital." - Don C.

March 25 5:14PM

trade management        

"Hope to learn how to take less big losses by scaling.  Sometimes I stay in thinking it will go my way and it doesn't.  This way I have a chance to win but, will take less loss if it doesn't." - Mike L.

March 25 5:01PM

trade management        

"scaling in/out is fine if you catch the 'break-out'...but not in a sideways motion...correct...?" - Dennis D.

March 25 4:58PM

trade management        

"I think position sizing is one of my major problem. I need to be more confident instead of being afraid that I'm going to lose a lot of money" - Rudy

March 25 4:54PM

trade management        

"I've always wondered how to do position sizing and think this webinar will help me learn hoe to do that." - Donald G.

March 25 4:33PM

trade management        

"Hi Ken, I agree the position sizing is an important technique to keep the capital which keeps the trader ticking. Looking forward for your seminar, always a pleasure to hear your presentation. Good work Cheers" - Kuma

March 25 4:30PM

trade management        

"the ability to mitigate risk and reset the cost bases" - Tom B.

March 25 3:11PM

trade management        

" I don't know anything about this, but am eager to learn.  It sounds important." - Carl B.

March 25 2:39PM

trade management        

"All serious traders should know about position sizing very important in trade management." - Perry S.

March 25 1:53PM

trade management        

"I use position sizing to minimize portfolio risk" - Orlando F.

March 25 1:48PM

trade management        

"I believe you size your positions to limit your amount of risk per trade.  Am I wrong and/or should I view position sizing differently?" - Mike G.

March 25 1:34PM

trade management        

"without position sizing we can always lose. We can be winning and suddenly loose all your account and become with no money to invest and lots of fear to do it." - Carmen P.

March 25 1:33PM

trade management        

"Ken, Thanks.  Before learning position sizing I was taking substantial losses by jumping all in or all out, never testing the waters first.  Your strategy of scaling in and out of positions has been a major turning point in my short, part-time trading career.  I’m the first to admit that I have a lot yet to learn.  Especially how to tell when a stock in not going to recover and trading discipline.  It’s all too easy too get caught up in the excitement of a fast paced trading session." - Scott T.

March 25 1:22PM

trade management        

"It's important to know how to use correct position sizing to add to high probability moves, but avoid larger positions on moves that aren't as promising." - Tim H.

March 25 1:20PM

trade management        

"I'd like to learn what indicators to look for, when I wish to add to a position in my portfolio" - Marlene E.

March 25 12:55PM

trade management        

"I need to advance my knowledge about position sizing." - Yim L.

March 25 12:54PM

trade management        

"I am a beginner in trading. I have heard about position sizing but don't know exactly what it is." - Gopalan N.

March 25 12:45PM

trade management        

"Money management is where it is at.   Good reminder with the recent drop.  Interested to hear what you have to add to this topic." - Jo

March 25 12:43PM

trade management        

" Which Trin value would be the best to use, Trin or Trinq, both have different value when using .7 thru 1.5?" - Tom G.
Reply from Ken: Hi Tom, good question. For swing trades it's not as important; for intraday it's best to scale up when both TRINs are close to each other in value (eg longs when both TRINs are < .7). If they're divergent, eg TRIN at 1.02 and TRINQ at .68, that means buy/sell ratios are different across markets and it's smarter to trade lighter size since no strong cross-market rally or selloff.

March 25 12:25PM

trade management        

" I am very interested in position sizing and would like to learn how scaling up can improve profits." - Jae L.

March 25 12:24PM

trade management        

" I would like to learn more regarding Position Sizing. Thank you" - Rob B.

March 25 12:02PM

trade management        

"Ken is a great teacher. I always leave his webinars with new knowledge to use the next day in the markets. Thanks for all you do." - Bill H.

March 25 11:45AM

trade management        

"Position sizing is a very confusing topic, which I hope this webinar will enlighten me on" - Gary G.

March 25 11:42AM

trade management        

"Position sizing has always been somewhat of a mystery to me, especially as it relates to how you adjust the position sizes when scaling into a trade..." - Doug M.

March 25 11:37AM

trade management        

"I have been interested in this for some time, want to go into a trade with two "units" to get one out at 50%, move my stop to break even and ride the second while managing stops." - C.S.

March 25 11:32AM

trade management        

"That's what I'm interested in ( Day & Swing Traders). Thanks" - Hala

March 25 11:29AM

trade management        

"Position sizing and scaling are key to successful trading. Can't wait to know how to do it right." - RJ.

March 25 11:25AM

trade management        

"Position (sizing) trading a way to take a profit And stay in" - Chris B.

March 25 11:16AM

trade management        

"Ken, your stock selection methods save a lot of time for prep for the next days market." - Louis G.

March 25 11:09AM

trade management        

"I want to minimize my stop losses in my P&L mananagement so position sizing is key to being successful." - Bud S.

March 24 2:07AM

trade management        

" I would enjoy learning when to add to my position especially in a trending market..." - Kathleen M.

March 23 11:40PM

trade management        

"You enter the trade with small lot and start adding to your trade if stocks moves up. Timing the entry and exit is the key" - Jake B.

March 23 12:03PM

trade management        

"Your seminars are always excellent, and full of useful information. I look forward to this webinar." - Barry S.

March 23 10:06AM

trade management        

" I already learned the had way not to add to a loosing position. I would like to learn the best way to add to a profitable one." - Isabel

March 23 9:24AM

trade management        

"Your knowledge on entries and exits is phenomenal,and I've learned that as you said scaling in and out is the most important aspect to the trade." - Phillip B.

March 23 9:09AM

trade management        

"Proper position sizing can be used to preserve capital." - Dorothy

March 23 8:09AM

trade management        

"How much should you risk per share in a trade? Does the price of the share determine how much to risk?" - Jeff B.

March 23 7:37AM

trade management        

"As a swing trader, "cup" trading has enabled me to make better decisions regarding my trades. Now to get the info to better manage the money involved." - Bryan P.

March 23 7:18AM

trade management        

" i am a spot currency trader (retail)  working  from home, because of the volatility that  happens in  that market  i  keep my positions conservative.But  i would  like  to  increase the size of my positions  if i had a good strategy?" - Bill

March 23 7:03AM

trade management        

"In my opinion money management (especially limiting losses) is the most important part of investing.  I look forward to hearing your methods in this area. Thanks!" - Joel G.

March 23 1:51AM

trade management        

"great system, great attitude, and great master. thanks." - Sean S.

March 23 1:15AM

trade management        

"I have my own sizing and positioning system - always interested in learning more." - Dennis

March 23 12:30AM

trade management        

"Position sizing can be way to "dip your toe" in the water, & if it moving the way you want, put the rest of your foot in." - Rick

March 22 11:23PM

trade management        

"I do make some trades when i think momentum is on my side
would like to join your webinar and learn more." - Stan S.

March 22 8:56PM

trade management        

" Position sizing controls risk, with stops." - Frank F.

March 22 8:53PM

trade management        

" I will add to a winning trade but never add to create a double position. Seems risky?" - Jerome B.

March 22 8:37PM

trade management        

"I would like to know as early in a trade when to increase the size." - Terry B.

March 22 8:10PM

trade management        

"I am very Interested in learning to trade your system" - Herbert P.

March 22 7:31PM

trade management        

"Does adding to a winning position increase the risk of the whole trade?" - Dave W.
Reply from Ken: Hi Dave, good question; risk for added-to positions would mainly be increased in special situations like holding an overnight large position into earnings release overnight, that's generally not a good idea. By adding incrementally to successful positions, the goal is to have enough of a safety buffer of positive unrealized P&L profit in the trade to absorb pullbacks on subsequent trades.

March 22 7:05PM

trade management        

"Ken, other than your NY presentation, I haven't come across anyone who talks about scaling-in to profitable trades.  Good ideas always seem "obvious" in hindsight, and are sometimes buried in opaque texts. I use ATR to establish statistical profit targets for my futures trades; this also limits my per-contract profit potential. Do you think your Buy-Stop strategy will work for breakouts of crude or gold futures ? I think crude, gold, or even forex would work better than the equity futures (ES, NQ) because the former tend to have larger runs when they do eventually breakout." - Alex M.

March 22 6:59PM

trade management        

"How can you know when to get out of a losing trade the earliest" - Terry B.

March 22 6:53PM

trade management        

"Good basis for building a growing business." - Neal B.

March 22 6:41PM

trade management        

"Proper positioning when entering a bad trade keeps your losses small." - Edward B.

March 22 5:56PM

trade management        

"Love some ideas on how to scale out of potential losing trades" - Peter E.

March 22 5:49PM

trade management        

"Sizing trades is what keeps you in the game." - Jeff S.

March 22 5:18PM

trade management        

"MM offers a structure to the trades I take on both an individual and portfolio basis" - Darren S.

March 22 5:11PM

trade management        

"There are meny methods for money / Risk management. Please adresss your recomendation for entry quantity as total basket percentage/as volatility factor. if volatility is the factor then what is best parameter to use: ATR or maybe imitate VIX somehow(looking @ the options of a security)" - Zvika G.

March 22 4:55PM

trade management        

"Position sizing gives the trader the opportunity to reduce risk and increase profits and better manage the trade." - Harry S.

March 22 4:42PM

trade management        

"Often it is difficult to determine how strong the trend is in the beginning and then it tough to put a full-size order. It would be interesting to hear your opinion on how much and when it is time to go into the trade." - Owe F.

March 22 4:41PM

trade management        

"Ken that is the key of doing something, adding to winners position, and I don't know how to do it, and I know that I can trust you, because you are very honest person, thanks for sharing with us, what it works for you!" - Tere S.

March 22 4:34PM

trade management        

"Is it more profitable to scale in/out of a position or to go all in/out?" - Robbie C.

March 22 4:31PM

trade management        

"I expect position sizing will keep me responsible and avoid over leveraging" - Denis P.

March 22 4:25PM

trade management        

"I'm getting the impression that portfolio managers are either unwilling or unable due to time constraints to micro manage clients portfolios and tend to work with broad brush strokes....a comment on the above and how position sizing could improve the situation would be appreciated" - Stephen C.
Reply from Ken: Hi Stephen, right re as active traders we don't want to sit through large drawdowns (in fact my approach is to set all stop-loss values at no more than $30-$50 per trade max as a goal), by using small size to get started, then adding once it's "proven itself" by being in the money. Then, once in the money, we can start to add to a position. As individual traders we absolutely need to manage our positions tightly, to avoid large drawdowns (which is another way of saying unrealized losses), which we avoid at all costs.

The key is working in small at first, taking small stops on minor drawndowns, and leveraging up on in-the-money trades, which is where the best potential trading wins are at. I use 1.5 points (or two day lows) for swing trades, and 0.5 pts max intraday as my targets for max stop losses. "Trade cheap when you're wrong, trade rich when you're right" is my motto.

March 22 4:24PM

trade management        

"To be shown how to scale into a trade for maximum profit and minimum stress. thank you.?" - Rex M.

March 22 4:16PM

trade management        

"position sizing - as in scaling in and out - at different levels... sounds like what (financial tv personality) recommends?" - Alan G.

March 22 4:14PM

trade management        

"How do you recommend that we manage the big down days that seem to occur almost every month ?" - Gerry M.
Reply from Ken: Smart question, Gerry. A quick answer is to take a look at a longer term chart (15-day, or 55-day) and see how far the broad market moves in current timeframes during single runs, before pullbacks, and manage trades accordingly. So if the market has moved for example in 7-10 day trends, part of the answer is to manage your trades within these "time-based" trends, and scale up at least a few days before the market's due to pivot, and/or price levels get taken out.

March 22 4:14PM

trade management        

" I am interested in getting my timing better on trades,lately i've been too early and got stopped out or too late for a larger risk." - Jerry R.

March 22 4:08PM

trade management        

"Would like to learn how to leg in a trade in a trending move and how to manage it." - Wen O.

March 22 4:02PM

trade management        

"Adhering to position sizing lets traders sleep at night." - Elaine K.

March 22 3:46PM

trade management        

"Ken, your webinars are the most professional and informative of Any that I have seen. It is a Privlige to attend." - Mike S.
Reply from Ken: Hey Mike -thank you. I've got to work hard to "do it right", since there's so much bs out there in the trading industry (like ripoff $2,000+ software) that's unethically overcharging traders. So I work hard to differentiate myself from those people, and deliver professional training instead... I'm glad to get the kind words, it means a lot.

March 22 3:32PM

trade management        

"Momentum, (it's) difficult to know when it is shifting, starting or ending...after the fact is too late." - Neil K.

March 22 3:16PM

trade management        

"Do you approach position sizing differently for swing trades (55 day charts) and 2 day Hi/Lo breakouts?" - Bret H.
Reply from Ken: Hi Bret, yes... there's a big difference in what kind of technicals and confirmation signals to use in 2-day high breakouts (which are mostly for day trading), and the 55-day chart continuation swing trade breakouts. Remind me in the webinar and we can go over a few charts to explain the specific differences, and how to trade them... thanks.

March 22 3:14PM

trade management        

"What is the best way to decide on when to increase/decrease your position size?" - Dick P.

March 22 3:12PM

trade management        

"Position sizing techniques help to maximize gains and lower losses." - Sam A.

March 22 2:58PM

trade management        

I'm interested in knowing the best time to add to a winning position and where to place the new stop." - Shaun T.

March 22 2:58PM

trade management        

" It reduces the risk of getting the portfolio out of balance." - Austin B.

March 22 2:57PM

trade management        

"Like position sizing because it can be used in both Day Trading and Swing trading." - Bernard S.

March 22 2:48PM

trade management        

"How do you maximise a winning position and make huge trades?" - Mark M.
Reply from Ken: Hi Mark, great question — the real trick is not just adding to winners, but doing it in a way that keeps your stop loss above breakeven while staying in the trade through pullbacks (while a trade is still "in the money"). It's this "surviving pullbacks", on both swing and day trades, that takes the real skill. That's one of the key objectives in the Momentum Doubler webinars, is showing what specific patterns to look for, and how to set and manage entries and exits correctly throughout the trade. Thanks.

March 22 2:47PM

trade management        

"I like trading in lots of 1000 and concentrate on going in or out  quickly.  If I add to positions , it is in lots of 1000.  If I exit a position as my technicals tell me to, I then  wait and look for a re-entry  point." - Ernie R.

March 22 2:39PM

trade management        

"I am a currency trader. Not Forex but Euro futures on Globex. I have to very successful mentors and have 3 different individuals talking to me about funding my account. I am humble and believe in continual education. Price Action and momentum are a big part of my trading...Your package looks interesting..." - Bart B.

March 22 2:38PM

trade management        

"Not putting all the egg in one basket. I have had bad experiences and lost lots of money. When I start using small positions I started to enjoy trading more. Lesson learned: keep is small and simple." - Ernest C.

March 22 2:31PM

trade management        

"I'm an intraday DAX future trader ... and I never scaled in or out a trade. I'm very much interested to see how you use this technique." - Filippo P.

March 22 2:28PM

trade management        

"Ken, thanks for doing the webinar, it will be great." - Anthony P.

March 22 2:27PM

trade management        

" I am very interested in (adding to winners) techniques as I know this is how (other traders) made money" - Mark B.

March 22 2:19PM

trade management        

"...I realize Mr. Calhoun is a top-notch trader that I'm looking forward to hearing, and over time, taking courses from." - Dennis B.

March 22 2:18PM

trade management        

"When is the best moment to add to a position" - Eric R.

March 22 1:58PM

trade management        

" Is position sizing recommended for Day trading,or it is better only for swing trading?" - Salvador D.

March 22 1:55PM

trade management        

"What I like best about the idea of position sizing is it will help me understand how to use it for profit and stop loss." - Joshua S.

March 22 1:37PM

trade management        

"Position sizing allows you to stay in the game until experience takes over. Position sizing allows you to turn a hobby into a career." - Dave D.

March 22 1:36PM

trade management        

"By scaling into trades on small share size you don't run the risk of losing a lot if the trade goes against you.  On the other hand, you can add to winning trades more confidently if you are in the money." - Larry D.
Reply from Ken: Exactly... good point, Larry. Confidence to enter more trades, more often (though on small size) is one of the single biggest advantages to using position sizing. Then leveraging in to the winners only, while scaling out of ones going against you gives a big edge. For example I entered over 8 new positions in my Fidelity swing trading SEP-IRA account for high-probability swing trading position size setups, and all were under just $500 or so per trade, to get started. More to come -- thanks.

March 22 1:35PM

trade management        

"Position sizing allows us to eke out even higher profitability even if we don't hit the best entry point." - Daniel C.


March 22 1:23PM

trade management        

"I'd like to know more about (position sizing) indicators.." - Ardeshir Z.

March 22 1:12PM

trade management        

"Scaling into trades is a good idea. And, yes easing out of a trade to control your winnings is the right thing to do." - Rupert B.

March 22 1:07PM

trade management        

"Position sizing and risk management are essential disciplines/strategies necessary for a positive net profit in your overall account." - Wendy M.
Reply from Ken: Hi Wendy, right... many traders try hit-or-miss trades with large size from the beginning, and I'm convinced that it is too risky to trade like that. It's best to start small and then scale up into winners (whether you're trading forex, stocks, ETFs or eminis). We'll be going over how that all works in the webinar (plus "how to trade the week ahead" plays exclusively for webinar attendees). Thanks for being the first to comment!


All traders who sent in comments or questions were invited to participate in a complimentary Position Sizing preview webinar held on Saturday, March 26th. Thanks to all the traders who thoughtfully posted comments!


 
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