TomHall

Trade Quantity - Conservative, Moderate, Aggressive

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
How many positions should you execute per week?

The trade quantity question is a broad topic and has many sub categories, however I will break down two aspects that traders should consider prior to identifying their average trade quantity.

Firstly, you must identify whether or not your style is swing trading or day trading, of course day trading will provide more opportunities given the intraday movements.
Both styles are profitable but will depend on your lifestyle and time availability.

The second component is identifying whether your a conservative, moderate or aggressive trader, all of which have their drawbacks.

A conservative trader ( My personal style ) execute between 1 and 3 positions per week, scouring the portfolio looking for textbook trade opportunities that have the highest probability of success.
By opening less trades at a higher strike rate will reduce drawdown and increase profits.

A moderate trader will execute between 4 and 8 positions per week opening positions that are a little more discretionary and not waiting for the perfect setups.

The aggressive trader will execute 8 to 15+ positions per week, although the trade quantity is very high it doesn’t mean they can’t be profitable, however it’s likely they have a slight edge over the market (55% / 60%) and requires high volume of trades to generate healthy returns.

All three categories above have there up and downside, you should choose based on your daily commitments, trading style and backtesting data.

Which type of trader are you?
Conservative, Moderate, Aggressive.
@TomHall and others, how much time per day or per week do you spend analyzing markets to get your several high probability entries?
Thank you.
+1 Reply
@kiero, Hi,

Great question.
I spend roughly 45 minutes building my watchlist ready for the morning, if the market fails to pull back to my entry zone then i don't check the charts that day.
If price pulls into my entry zone then i will continue to keep my eye on the charts until price either validates a trade setup or invalidates it.
+1 Reply
580$ coming..... 000s coming into altsoins... That's why 000s are in crypto..
+1 Reply
TomHall Jollymolly
@Jollymolly, Certainly a possibility.
Reply
Thanks for your work. I could not agree more. I do have some other thoughts as well that may differ from yours. Appreciate your insight.

Good morning Traders! Here's my morning BTC analysis for Dec 4th. In this I discuss small time frames showing slight strength | Bigger time frames looking bearish | Next OB breakdown range:
Reply
Tom, estou tentando me achar kkkk em umas dessas categorias que vc mencionou... Bom artigo!
+1 Reply
TomHall Emersonfreireflorindo
@Emersonfreireflorindo, Sorry i can only reply in English :-)
Firstly, identify whether you have the time to day trade or whether you have a busy lifestyle that only provides swing trading opportunities.
Then run your strategy on the timeframes that best suits you to see if it provides a profitable edge over a long period of time.

Once you have the foundations you can start to tweak your approach as you become more comfortable.
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Overactivety will crush you. Unless trading is your jobs you should only open a trade or two every few weeks and let the market movements develop. Overactivity is something you see from alot of novices. 80% fail to beat the market and 50%+ lose money
+2 Reply
ecicic ecicic
@ecicic, it's much easier to predict the general trend then attempt to predict every move
+2 Reply
@ecicic, Couldn't of said it better myself, there is two main reasons why traders fail.
Impulsive / Emotional behaviour and lack of consistency with their rules.
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