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Hi, hoping for some advice on Risk % on a stop loss position.
I have read much and see advice and recommendations from 1% to 5% generally (with some in my opinion foolish people not using a stop loss at all, but each to their own).
I would be interested to hear from others about what % you risk and your reasoning for that level?
Also, do you always stick to that percentage risk or do you change it based on any ohter factors, like Risk : Reward?
I have read much and see advice and recommendations from 1% to 5% generally (with some in my opinion foolish people not using a stop loss at all, but each to their own).
I would be interested to hear from others about what % you risk and your reasoning for that level?
Also, do you always stick to that percentage risk or do you change it based on any ohter factors, like Risk : Reward?