Long term Trade Help!!!

[doorstpng]

hi,

i recently found out about a long term trade that ended some days back, my question is on a trade like that what is best to risk in my account interms of percentage?

thanks alot guys for you help

 

[vidigix]

Depends on wether you are risk tolerant or risk averse.If you are risk tolerant and you strongly believe in your strategy,then you can risk a minumum of 40% or more of your account.But if you are risk averse,then you should risk a maximum of 30% or less of your account.But finally,it all boils down your trading personality.I hope this helps.

 

[3BlackCrows]

Longterm or Posisiton Trades tend to need much larger stops - 100 pips or more being the norm.

This is to handle with the inevitable drawdowns that occur and can be very nerve racking.

I would reccomend 3% max unless you really know what you are doing.

Position Trading is not for the faint hearted or under capitalised but can also be very rewarding

 

[doorstpng]

thanks alot

thanks everyone , i get it now, happy trading