
006: Dr Howard Bandy talks about major changes in system development and trade management, handling systems that are out of sync with the markets and much more.
Better System Trader
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Is There a Position Size Within the Trading Model?
In which step of the system development process should you include position sizing? And why well, position sizing is a is part of a management process. It's sometimes done to include a position size within the trading model itself. I recommend that we don't do that because when we move from trading system elopment to trading, we move from the trading development model to the trading management model. So in the trading system we predict up or down and in trading management, we measure our confidence and apply a position size.
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