Summary: - The episode discusses total exposure in copy trading—the overall risk from copying multiple strategies, considering how they correlate. - Key steps to manage total exposure: - 1) Define your risk profile and bankroll. Set a per-trade risk of about 0.5%–2% of your bankroll (e.g., €50–€200 per €10,000). Also keep a safety cushion for surprises. - 2) Measure total exposure by summing individual trade risks and adjusting for correlations; avoid concentrating risk in one event or asset family. - 3) Position sizing uses the formula: position size = (bankroll × risk%) ÷ stop distance. Stop distance should reflect recent volatility (e.g., ATR or average daily range). - 4) Use stops and realistic profit targets; don’t chase zero risk. Consider taking profits once risk is recovered to avoid reversals. - 5) Diversify wisely: avoid strategies that rely on the same data sources or headlines; diversify across assets, time horizons, and styles (short, mid, long term). - 6) Monitor and review regularly (weekly reviews, monthly risk/performance reviews); adjust sizes or pause strategies if drawdown nears limits. - 7) Establish exit rules and contingencies to cut losses and lock in profits; write these rules to reduce emotional decisions. - Practical notes include examples, questions for listeners, and a call to follow the author’s strategies via links in the description and Telegram group. - Takeaway: healthy total exposure comes from limits, measurement, disciplined sizing, sensible diversification, and regular reviews, turning the portfolio into a coherent strategy rather than randomness. - The episode ends with encouragement to subscribe and share, plus contact information for Andrés Díaz. Remeber you can contact me at andresdiaz@bestmanagement.org