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Risk Management

Exposure

Also called: deployed, cash percent

The percentage of the portfolio deployed in positions versus sitting in cash. My exposure ranges from 0% (fully cash) to around 65% (most aggressive) depending on the environment. I increase exposure when trades are working and providing positive feedback and decrease it when the environment is choppy or hostile.

On the Chart

In Context

This is the exact reason I force myself to put on exposure on a follow-through day even when I don't believe the rally attempt.

Wow·Digest

Came in with three positions at 40% exposure.

Wow·Digest

Forcing small exposure on a follow-through day Even on a follow-through day I don't trust, I force myself to put on a small position.

Wow·Digest

How I add and remove exposure is what I call the [feedback loop](/concepts/feedback-loop).

Level to Manage Risk > Setup·Digest

This felt like a FTD so the goal was to add some exposure, not chase.

Level to Manage Risk > Setup·Digest

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