Advanced
Position sizing from stop distance and account risk
Position size should connect the trading idea to the cash that can be lost. Exchange margin answers a different question from an account risk allowance.
Read articleFOLITIC / FUTURES TRADING GUIDE
Futures Trading Guide
Understand futures contracts, read market structure and build strategies for direction, relative value and hedging. Follow ten stages from contract basics to advanced research and disciplined risk management.
Start with What a futures contract commits you to, then follow the next lesson links. Explore 40 lessons with worked examples, exercises and further reading.
Explore the learning path
Browse by topic
Capital and Portfolio Risk · All lessons
Capital and Portfolio Risk
Size positions, stress cash needs and manage concentrated exposures.
Advanced
Stress testing gaps margin increases and cash reserves
A sound plan must survive a cash demand, not just a chart drawdown. Stress tests combine price losses, changed collateral requirements and impaired exits.
Read article
Advanced
Correlation concentration and portfolio exposure
Diversification depends on common drivers rather than the number of symbols. Futures portfolios can hide a concentrated exposure behind several different contracts.
Read article
Advanced
Drawdown limits losing streaks and trading discipline
Drawdown controls protect the ability to continue evaluating a method. They work best when they are written before losses create pressure to improvise.
Read article