Overconfidence, Position Sizing, and Hot Stoves
Today I learned an important lesson about position sizing. Basically, the lesson is to always be consistent in your position sizing, no matter how confident you are in your setup. In other words, don’t get cocky and use a bigger position size than normal just because you’re confident in a setup. Today I shorted TRGT at an average of 7.01, using my typical position size. It was exactly the type of short setup I like…..huge jump in only a few days (it was over 200% of its lows) and wayyyyy, way outside the upper bollinger band. Trading volume had dropped ...Continue Reading...OT: Kitesurfing
As a brief break from talking about trading, I recently had my bachelor party at Jetty Island in Everett where my brother and another friend snapped some shots of me kitesurfing. ...Continue Reading...
James Krieger is a part-time day and swing trader, trading stocks in the "gutter" of the stock market, which are primarily penny stocks, smallcap and microcap stocks, and "pump and dumps". However, James will occasionally trade larger companies. 
