Two traders explain their approach: they risk the same dollar amount on every trade but adjust position size based on stop-loss distance. They only take setups rated A+ or higher, which appear just a few times a week, and use multiple playbooks to maintain a steady flow of high-quality trades.
You take the same size on all your trades?
I'll adjust according to my risk. So I standardize my risk, keep my risk the same dollar amount, and then I'll adjust my position size. So if my stop loss is 2 points away, I could go in with more position size. Okay. My stop loss is 4 points. Let's just say it's double. I'll cut my size in half. I understand.
And you have like a ranking for your setup? Like you have really rare AAA setup that only appear 2 times per week and you take a little bit more risk on those or all this?
Every trade I take has to be a AAA A+ 10 out of 10 setup.
Even if they are super rare, even only 2 or 3 trades per week? Yeah, because I have multiple playbooks.
So maybe a setup that I take today, I see it once a week, but I know it's one out of the 7 playbooks.
Oh, you have all these, uh, yeah, yeah, yeah, yeah.
The one playbook today was the zero print. That's the main thing I saw today, you know. Anything else right now is kind of not forcing execution.
