Iron Condor
Mastery · 10 min

Position sizing across a portfolio

Per-trade sizing is the easy part. Portfolio-level sizing has to handle correlation, sequence risk, and the human tendency to scale into hot streaks.

In this lesson

  • Kelly criterion intuition
  • Max-drawdown sizing
  • Correlation is the silent risk
  • The streak trap

Read the full lesson in the app

The complete lesson, with worked examples, callouts, and a quiz to test yourself, is in Iron Condor Options.

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