Is there a better compounding strategy better than risking 1-3% of an account per trade?
I'm familiar with the method: "risk 1-3% of your account for any one trade over your stop loss & compound with wins & de compound with losses."
I'm wondering is someone has a better way that compounds faster without whiping out wins with losses?
A while back I read about someone posted that a mentor had told them to go for 100 pips a week and stop at that goal. Every 100 pips was a level and the point at which you would up your lot size. I can't find the thread as it was quite a while back. But, by doing this the person claimed that over some they made quite a bit of money.
I'm familiar with the method: "risk 1-3% of your account for any one trade over your stop loss & compound with wins & de compound with losses."
I'm wondering is someone has a better way that compounds faster without whiping out wins with losses?
A while back I read about someone posted that a mentor had told them to go for 100 pips a week and stop at that goal. Every 100 pips was a level and the point at which you would up your lot size. I can't find the thread as it was quite a while back. But, by doing this the person claimed that over some they made quite a bit of money.