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Long term Trade Help!!!

Discussion in 'Beginners Bootcamp' started by doorstpng, Oct 10, 2007.

  1. doorstpng

    doorstpng Recruit

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    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
     
  2. vidigix

    vidigix Private

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    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.
     
  3. 3BlackCrows

    3BlackCrows Corporal

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    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
     
  4. doorstpng

    doorstpng Recruit

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    thanks alot

    thanks everyone , i get it now, happy trading
     

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