Fixed-Fractional Position Sizing, aur R-Multiple Kya Hai

Hissa, par kis cheez ka?

Maan lijiye aapne tay kiya hai ki har trade par account ka ek tay hissa risk karenge. Pehle article wala hisaab aapne kar liya hai, aur woh kaam karta hai.

Phir aap lagatar teen trade haar jaate hain. Account ab chhota hai.

To yeh raha woh sawaal jo shuru mein koi nahi poochhta. Jo hissa aap risk kar rahe hain, woh shuruaat wale account ka hai, ya aaj ke account ka?

Jawab tay karta hai ki losing streak kaise chalegi. Pehle din lagbhag ek jaise dikhne wale do tareekon mein poora fark yahi hai.

Ek hi dav ko size karne ke do tareeke

Pehla tareeka rupaye ki raqam tay rakhta hai. Aap har trade par utne hi rupaye risk karte hain, account ke saath beech mein jo bhi hua ho.

Doosra tareeka hissa tay rakhta hai. Har trade se pehle aap aaj ka balance dekhte hain, aur uska wahi hissa risk karte hain.

Pehle trade par dono tareeke bilkul ek hi number dete hain. Account hilne ke baad hi dono alag hote hain, aur kis disha mein alag hote hain, wahi samajhne layak hissa hai.

Do percent isliye hai kyunki woh saaf bantta hai. Yeh udaharan hai, aur yeh article aapke liye koi aankda nahi sujhata.

Losing streak mein kya hota hai

Har method der-saver lagatar nuksan se milta hai. Isliye kaam ka sawaal yeh hai ki jab yeh ho raha ho tab niyam aapke saath kya karta hai.

Dono ki pehli haar bilkul ek jaisi hai. Baayein taraf har seedhi ek hi size ki hai, isliye seedhiyan farsh se takra jaati hain. Daayein taraf har nuksan chhote account ka hissa hai, isliye har seedhi pichhli se thodi chhoti hai aur seedhiyan samtal ho jaati hain.

Tay rupaye mein har nuksan utna hi kaatta hai. Account seedhi line mein girta hai aur aakhir mein zero se milta hai.

Tay hisse mein har nuksan pichhle se kam kaatta hai, kyunki woh chhote account ka hissa hai. Girna dheema hota jaata hai. Shuddh hisaab mein woh kabhi zero tak pahunchta hi nahi.

Yahi streak gadhe hue numbers mein.

Lagatar pachaas haar bahut zyada hai, aur lagbhag koi usmein trading jaari nahi rakhega. Yeh line shakal dikhane ke liye hai. Ek tareeka khatam ho jaata hai. Doosra apna dav tab tak kaat-ta rehta hai jab tak nuksan chhote na ho jaayein.

Kimat: wapas chadhna dheema hai

Yahi khoobi upar jaate waqt aapke khilaaf kaam karti hai. Lagatar haar ke baad fixed-fractional account kam dav laga raha hota hai, isliye har jeet kam jodti hai.

Gadhe hue udaharan mein das haar ke baad tay-rupaye wale account mein ₹80,000 hain aur tay-hisse wale mein ₹81,707. Maan lijiye iske baad har jeet risk ka dugna laati hai.

Tay-rupaye wala account paanch jeet ke baad ₹1,00,000 se upar aa jaata hai. Tay-hisse wale ko chhah chahiye, kyunki uske dav poore raaste chhote hain. Woh kam gira aur dheere chadhta hai.

Method ke beech ka saudaa yahi hai. Jo niyam kharab daur mein aapko khel mein bana ke rakhta hai, wahi niyam recovery ko lamba karta hai. Ek aadha rakh ke doosra aadha chhod nahi sakte.

R se miliye

Ab tak sab kuch rupaye mein naapa gaya hai. Ek account ke liye yeh chalta hai, par isse trades ki tulna mushkil ho jaati hai. Bade position par ₹3,000 ka nuksan aur chhote position par ₹3,000 ka nuksan ek jaisi galti nahi hai.

R ise theek karta hai. Woh har nateeje ko us nuksan se naapta hai jo aapne socha tha.

Ek gadha hua trade lijiye. Aap ₹500 par 100 share khareedte hain, stop ₹480 par. Fark ₹20 prati share hai, to R ₹2,000 hai.

Entry se stop tak ki doori ek R hai. Baaki sab isi se naapa jaata hai: stop par band kiya to ek R khoya, entry se usse dugni doori upar band kiya to do R kamaye.

Agar price ₹540 tak jaata hai, to yeh ₹40 prati share hai, aapke risk kiye ₹20 ka dugna, to trade ne plus do R banaye. Agar woh stop tak girta hai, to minus ek R. Poora vichar itna hi hai, aur isme sochne ki aadat daalne mein kuch minute lagte hain.

R mein naapna mehnat ke layak kyun hai

Pehli wajah yeh hai ki yeh size ko hata deta hai. Jis trade ne plus do R banaye woh achha trade tha, chahe R ₹500 tha ya ₹5,000. Aap faisle ko parakh rahe hain, aur position size beech mein nahi aata.

Doosri wajah yeh hai ki yeh stop ko lekar aapko imaandaar rakhta hai. R entry ke pal tay hota hai. Trade ke beech stop ko aur door karne se R nahi badalta. Iska matlab hai ki aap socha hua se zyada risk le rahe hain, aur tab nuksan minus ek R se bura dikhta hai.

Yeh minus dedh R tha. Ek R se bade nuksan ke peechhe hamesha koi wajah hoti hai. Price stop ke upar se kood gaya ho, stop khiska diya gaya ho, ya kabhi lagaya hi na gaya ho. Har ek ka ilaaj alag hai, aur R mein naapna hi aapko inhe pakadne deta hai.

Average R: method tikta hai ya nahi

Ek trade lagbhag kuch nahi batata. Das thoda sa batate hain. Jo aap sach mein jaanna chahte hain woh hai bahut saare trades ka average R.

Das mein se chhah haare. Chaar jeete. Method sahi se zyada baar galat tha, aur phir bhi aage raha. Chaar jeet ka average 1.75R tha, aur har nuksan ek R par roka gaya.

Iske peechhe ka hisaab seedha hai. Das mein se chaar trade ne average 1.75R jeete, aur das mein se chhah ne ek-ek R khoya. 1.75 ka chaar das-waan hissa 0.7 hai, ek ka chhah das-waan hissa 0.6, aur fark hai har trade ka plus 0.1R.

Yahi baat Mark Minervini nuksan ke size ke baare mein Trade Like a Stock Market Wizard mein kehte hain. R bas woh ikai hai jisse aap ise apne trades par jaanch sakte hain.

Das trade phir bhi bharose ke liye bahut kam hain. Chaar kismat wali jeet ye table sanyog se bana sakti hai. Average tabhi kuch matlab rakhta hai jab trades utne ho jaayein jitne zyadatar log likhne ka dhairya nahi rakhte.

India mein yeh kaisa dikhta hai

Hisaab har jagah ek hi hai. Yahan badalta hai yeh ki aap use kitni safai se maan sakte hain.

Indian exchanges par aap poore share khareedte hain. Sizing ka niyam 37.6 share keh sakta hai, aur aap 37 lete hain. Har baar neeche round karne ka matlab hai ki aap aksar hisse se thoda kam risk lete hain, jo galat hone ki surakshit disha hai.

Futures aur options exchange ke tay kiye lot size mein aate hain. Lot ka hissa nahi khareeda ja sakta, isliye chhote account par sahi size aksar zero lot hota hai. Yeh method bata raha hai ki contract account ke liye bahut bada hai.

Kharcha har R ke andar baitha hai. Brokerage, securities transaction tax, stamp duty aur exchange charges har trade se kat-te hain, jeet ho ya haar. Chhoti position par yeh risk ka dikhne layak hissa ho sakte hain. Tab stop par nuksan minus ek R se thoda bura nikal sakta hai.

Aur stop sirf ek yojana hai. Jo share usse kaafi neeche khule, ya lower circuit mein band ho jaaye, woh aapke chune star se neeche bikta hai. Is market mein ek R se bade nuksan yahin se aate hain.

Yeh kahan kaam nahi karta

Fixed-fractional sizing yeh control karta hai ki aap kitna risk lete hain. Yeh kuch nahi kehta ki trades achhe hain ya nahi. Jis method ka average R negative hai woh har hisse par paisa gawata hai. Hissa sirf yeh badalta hai ki kitni tezi se.

Hissa khud ek andaza hai. Bahut bada ho to aam losing streak itna gehra kaat-ti hai ki aap sabse bure waqt par niyam chhod dete hain. Bahut chhota ho to kharcha munafa kha jaata hai. Koi formula aapko sahi number nahi deta.

Ek saath kai khuli positions saaf tasveer ko tod deti hain. Maan lijiye paanch trade market mein ek hi baat hone par nirbhar hain, isliye saath hilte hain. Har ek par do percent risk tab ek vichar par das percent risk ke kareeb hai.

Aur R stop ke asli hone par nirbhar hai. Agar stop dheele se tay ho, ya trade ke beech khiskaya jaaye, to R mein naapa har nateeja chupchaap galat hai.

Ek kaam ki checklist

Agle trade se pehle jo aap kar sakte hain

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Yeh sab hisaab aap apne phone par kar sakte hain. Ismein se kuch bhi yeh nahi batata ki kya khareedein ya bechein.

• Apna broker app kholiye aur aaj ki kul account value note kijiye. Kya aap isi number se size kar rahe hain, shuruaat wale se nahi?Fixed-fractional sizing hamesha usse chalta hai jo aapke paas abhi hai.
• Agle trade se pehle apna hissa chuniye, aur use us number ke paas likhiye. Kya aapne use shaant man se chuna, kisi haar ke turant baad nahi?Kharab daur ke beech chuna gaya hissa dheere dheere badhta jaata hai.
• Apne agle idea ke liye entry, stop aur dono ke beech ka fark rupaye mein likhiye. Kya fark quantity sochne se pehle likha gaya?R entry par tay hota hai. Baad mein tay kiya to uska matlab khatam.
• Rupaye ke risk ko us fark se bhaag dijiye, phir poore share ya poore lot tak neeche round kijiye. Kya jawab zero aata hai?Zero ka matlab hai trade account ke liye bahut bada hai, aur yeh kaam ka jawab hai.
• Us quantity ko broker app ke charges calculator mein daaliye. Kya kharcha rupaye ke risk ka bada hissa hai?Kharcha har trade se jaata hai, jeet ho ya haar.
• Har band trade ke baad nateeja rupaye ki jagah R mein likhiye. Kya method ko parakhne se pehle aapke paas kam se kam bees hain?Mutthi bhar trades average ke baare mein lagbhag kuch nahi batate.
• Apne pichhle kuch nuksan dekhiye. Kya koi stop ke paar gaya, minus ek R se aage?Ek R se bade nuksan gap, circuit ya khiskaye gaye stop ki taraf ishara karte hain, aur har ek ka ilaaj alag hai.

Yahan kuch bhi yeh nahi kehta ki kya khareedein ya bechein, ya kitna hissa risk karein. Har line kuch nikalne ya likh lene ki baat hai.

Check yourself

4 questions

Answer in your head first. Guessing and being wrong still helps you remember.

1. 01Losing streak mein tay-hisse wala account zero tak kyun nahi pahunchta?Show

   Kyunki har nuksan bache hue ka hissa hai. Account ghatne ke saath risk ki rupaye ki raqam bhi ghatti hai, isliye nuksan chhote hote jaate hain aur girna seedhi line mein chalne ke bajaye dheema padta hai.

2. 02Lagatar haar ke baad recovery dheemi kyun hoti hai?Show

   Jis niyam ne neeche jaate waqt dav chhote kiye, wahi upar jaate waqt unhe chhota rakhta hai. Har jeet chhote account ka hissa hai, isliye shuruaat ke mukable kam rupaye jodti hai.

3. 03Aapne ₹1,000 risk karne ka socha tha aur trade ne ₹2,500 banaye. R mein yeh kya tha?Show

   Plus dhai R, kyunki nateeja soche hue risk ka dhai guna tha.

4. 04Koi method zyadatar galat hokar bhi aage kaise reh sakta hai?Show

   Kyunki average R is par bhi nirbhar hai ki jeet aur haar kitni badi hain, sirf is par nahi ki kitni baar hoti hain. Agar nuksan ek R par roke jaayein aur jeet badi hon, to kam jeet zyada haar par bhari pad sakti hain.

Yeh vichar kahan se aaye

Poonji ka tay hissa risk karne ka hisaab Ralph Vince ne Portfolio Management Formulas (Wiley, 1990) mein vistaar se samjhaya. Har trade ko uske shuruaati risk ki ikai mein naapne, aur us ikai ko R kehne ka vichar Van K. Tharp ne Trade Your Way to Financial Freedom (McGraw-Hill, 1998) mein lokpriya banaya. Dono ek article se kahin aage jaate hain, aur dono poore padhne layak hain.