HeavenLeighRob
Master Sergeant
- Messages
- 346
1% or up to 3% if I'm feeling very confident about a trade
Yes I also try to keep risk per trade and profit target low, sharp changes in equity cause emotions which affect trading badly.1% or up to 3% if I'm feeling very confident about a trade
To be very honest, 5% is such a big number! That means, if you face consistently 4 SL’s in your live trading then you’ll have near about 20% loss in total; so it’s a huge damage! Personally I use low risk ratio (below 1%)! I know the real value of money management plan!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?