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same as in INTRADAY,
using 1H TF is good to see the main TREND of the STOCK for Intraday,
you can get the Extenisve Supports & Resistance for the day,
now, you set the account risk limit per trade at 2%.
That is, Rs. 2K per trade is your money at risk.
Now suppose for any stock, you entered the trade at Rs.50, and you set up the stop loss at
Rs.40, then your total amount of trade risk is Rs.10.
So, the ideal position size for the trade would be: 2000/10 = 200 shares
So your ideal position size or the number of shares of security XYZ can be 200 given your
risk appetite.
Some Practical Insights on Position Size
First of all, IMO position size is practically that amount of stocKs you trade in the
marKet that gives you Psychological MONETRAY comfort with respect to the RISK of
your trading capital.
25% (250) when you see the SETUP is about to form (in maKing)
50% (500) when SETUP formed
25% (250) when in favour