2 published items

Risk management

Position sizing, leverage, drawdown, costs and counterparty exposure.

Abstract scaled bars illustrating position sizing against a stop level

Position sizing: turning an invalidation level into a position size

Position size is derived, not chosen. Given account equity, a risk budget for the trade and the distance to invalidation, there is exactly one size that respects the budget.

AX Editorial8 Feb 20261 min read

Price chart with spread bracket and cost markers

RiskGuide

Trading costs: spread, commission, financing and slippage

Four recurring costs separate a strategy on paper from a strategy in an account. Each is measurable, and each should be stated explicitly before any result is interpreted.

AX Editorial28 Jan 20261 min read