DislikedHi guys,
What are your thoughts on discretionary approach to risk.
Let's take IBs as an example. Risking 1-2% on every PB doesn't make much sense - after all we have some IBs that occur at strong PPZ or confluence points, and are also support by higher TF PA. Why not increase risk to, say, 5% in such cases?Ignored
I think that this is something that you might be able to do once you have done a lot of trades over a longer period of time. Here's my question though: if you are successfull at 1-2% why increase to 5% on one trade and in that way increase the psychological factor that is in trading?