NASDAQ Shortlist

[rich64]

Get you. So the position size is still based on a 'max loss' which is geared to the 'stop' which is the discretionary part of the calc based on your feeling for the sort of movement you are willing to accept?

It's not based on ATR or anything systematic derivation of the price or price/volume (and/or price/volume/time)?

...Yes, that's basically it.

I am looking at the calculations all the time to see if they should be adjusted to allow for ATR, Time and other issues and as I learn more about trading I may well change a few things.

I do, however, believe strongly in the "keep it simple stupid" principle and in the end, Capital Management and thus max loss per trade hold first place on the "don't forget" list!!

I'm not sure there are any better "indicators" than price action and support/resistance levels especially if they have been seen in action over a given period.