Long term Trade Help!!!

doorstpng

Recruit
Messages
6
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

Private
Messages
19
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

Corporal
Messages
83
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
 
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