hi i needed some help/opinions regarding position sizing
i've been going over my trades (been trading for two years):
turns out i started slipping mid oct so its been one month, coicedentally thats also when the index started falling. also since the first of october ive been trying some position size variations - i've been giving my positions sizes ranging from
aggressive (10% < aggressive <= 25%) to
timid (2.5% < timid < 10%)
what i think has happened is that even though my calls are still 60% correct the varying position sizes have amplified my losses (down -5% this month to date (largest loss since feb2008 to date)) they also amplified my profit (my high for the month was +8% which is the highest i have had during a month in the last one year)
dont know if that trade off of risk/reward is worth the swing of 13%, for now ive scaled all my positions below 5% as my confidence seems to have been effected...
your opinions/comments would be extremely helpful concerning the trade off between volatility and performance
thanks
*PS
1. i dont use any leverage,
2. trade based on delivery in the karachi stock exchange.
3. i beat the index both years that i have been trading