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WAGERBIRD® Alpha Academy · SMT 100 First Principles · Part IV: Risk, Size and Rules
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Lesson 02

The Unit

The unit is the standard measure of position size. This lesson sets it at 0.4% of capital, builds the unit table from half a unit to five units, and shows the choice between a proportional and a fixed unit.

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SMT 100 · Part IV: Risk, Size and Rules (10 lessons)Full course syllabus ↗
  1. 01Rules Before the GameRead ↗
  2. 02The UnitRead ↗
  3. 03Kelly, for OrientationRead ↗
  4. 04The Exposure ProtocolRead ↗
  5. 05What You Trade and What You SkipRead ↗
  6. 06Reading Units and Setting the LimitRead ↗
  7. 07The Worst Price You Will TakeRead ↗
  8. 08The One-Page RulebookRead ↗
  9. 09Runs of Losses and DrawdownRead ↗
  10. 10Review on a ScheduleRead ↗