Hey if anyone has some advice or input on my money management i would really appreciate it. I have learned alot about money management and have realized the best way to do it regarding stops is to adjust your price per pip so the maximum you can lose on a given trade is say 2% I figure many traders average over ten trades per week. That means they are potentially risking 20% per week. In my trading strategy and stlye i make about one trade a week. Therefore i would technically be risking 2% a week opposed to most traders 20% I was thinking about bumping my fixed loss percentage to say 4% I know this goes against what almost every trader advises regarding long term success, but if anyone could give their advice regarding whether this increase in risk would hurt me in the long run or may bennificial and more suited to my longer term approach.
thanks, KBURD
thanks, KBURD