One of our core philosophies is to “trade small, trade often”. While this phrase seems simple to say and appears to be easy to understand, the practical application of its tenets in your portfolio might not be obvious. Just a couple days ago,, and recently, we showed how the gives us the proper context for how many observations might be necessary to achieve our expected results. Today’s talk completes the puzzle with a discussion around how to size our undefined risk positions. Taken collectively, these few segments give us a practical application of how to trade small and trade often.