Do you have strict rules on how you use position sizing in your trading account? If you are like 99% of new or inexperienced traders or investors out there then you probably don't. In fact, if you are like most traders then you either randomly set your position size (i.e. buy what your account lets you) or you enter every trade with a set dollar amount you are willing to invest.
Both of these ways are wrong and WILL get you into trouble as a trader or investor. Click below to read why Position Sizing is so important and a recommendation on how to incorporate it into your trading.