Picture this. You wake up and check your portfolio. A position you own is down 3% in pre-market moves. Are you panicking? Are you overwhelmed by your feelings?
As Hedgeye CEO Keith McCullough explains in this clip from The Macro Show, you wouldn't be freaking out if you size your positions properly.
"If you're on tilt, it's probably because your position sizing is too big and you're not diversified enough," McCullough says. "You have to fix that."
Watch this full clip for an important lesson on how Keith sizes positions in his portfolio - using our current exposure to energy as an example - so you can fade your feelings too.
