Compounding or fixed position size: which do you do?

Compounding grows positions as the account grows; fixed size keeps risk constant in money terms. The maths of compounding is attractive, and the psychology is harder — bigger positions after wins, smaller after losses.

Which do you use?

• your method and why
• how you handle position size after a losing streak
• what you'd recommend for a beginner's first year

The drawdown guide shows how size decisions interact with losing streaks.