Maximum exposure: how many open positions at once?

Position count is a risk dimension people forget: six open trades means six chances to make mistakes, six swaps and a margin picture that changes by the hour. A cap on positions is a cap on chaos.

Maximum exposure: how many open positions at once? — leverage and margin diagram
Leverage: a small margin controlling a larger position

What's your limit?

  • the maximum simultaneous positions you run
  • how the limit changes in high-volatility weeks
  • the moment too many positions taught you the rule
Maximum exposure: how many open positions at once? — support and resistance diagram
Price bouncing between support and resistance

The margin guide explains what multiple positions do to your margin level.

Background: Leverage and margin explained: margin calls, stop-outs and how losses grow

Leverage lets you control a large position with a small deposit. It magnifies losses exactly as much as gains, and it is behind most blown trading accounts.

What does 30:1 leverage mean?

You can control a position 30 times larger than your margin deposit. $1,000 of margin opens a $30,000 position, and gains and losses are calculated on the full $30,000.

What is a margin call?

A warning from your broker that losses have reduced your margin level to a set threshold. If it keeps falling, the broker starts closing positions automatically, which is called a stop-out.

Read the full guide

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