Risk

I'm currently less than 50% "in" the market and of that, about 40% of the total volatility is to the short side. I measure % volatility as a way to directly compare one trade to another. Funds are deployed depending on risk and volatility rather than a position taken using a certain dollar figure to buy/sell a position. In times where the market shows signs of possible reversal, I try to roughly balance risk/volatility to the long side against risk/volatility to the short side.
I know what I mean even if I dont explain it well.