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Ringandpinion

Number of open positions, trade management

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In my efforts to learn more, I do more trades and adjust $ allocation depending on confidence level of the specific trade.  All good.   Except, I end up with too many trades open and difficulty monitoring them.  I limit to 20 open trades now, not counting simple trades like short puts or long options and other oddballs.  I did get up to 30 once but it was just too much.  I find I'm leaving money on the table by setting GTC exits a little lower and not really monitoring the trade except pre-market.  I'm interested in others opinions, models, etc. on how they deal with so many trades and what their limits and methods are.  I try to do the SO official trades because they are so well followed that I always learn a lot, but I have my own open too.  Sitting here by myself, leaves little room for input, and the dog she ain't talking (if she does start talking, I'm starting my own show). 

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Personally I take a rather simple approach based on the SO methodology: a full trade is 10% margin and a half trade is 5% Currently I have 12 trades open. I prefer to always have a 20%-30% cushion to avoid nasty surprises. This usually menas that I have more ideas than money available.........

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