Establish your trade size based on account size.

You don’t want to trade too small or too big and obviously when you’re first testing, it’s going to be very small. But once you have a solid trade plan and you’re trading regularly and trading often, then you want to trade based on your account size. What I use for my credit spreads is for every $10k I trade ten wides and use one contract for Monthlys, one contract for 0 DTE and three contracts spread across different expirations for 7 DTE.

Establish your trade size based on your account size. You don’t want to trade too small or too big and obviously when you’re first testing a strategy, it’s going to be very small. Once you think that you have a solid trade plan, trade small and trade often and base it on your account size where a single loss would never be more than 2% of your account.

Talk soon,

Al Losada

Founder |  SimpleOptionStrategies.com

P.S. For live trade alerts, please check out our SOS Trade Alerts. We will be opening to new subscribers on Aug 3rd, 2021.

You can also check out my YouTube Channel at SOS YouTube

None of the content published on SimpleOptionStrategies.com or within SimpleOptionStrategies.com’s Telegram Trade Channels constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. SimpleOptionStrategies.com is not responsible for any losses incurred as a result of using any of our trading strategies.

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