Two pretty simple questions:
when we talk about 3% risk...does it mean that we putting a stop loss of 3%..
eg: have $100..I enter a trade with a stop loss of $3.00 (risk)...
Let say we make $5.00..now I have $105.00
how do I compound this..by adding to $ my position???
I know that the numbers are very small..
is the concept right????
thanks
when we talk about 3% risk...does it mean that we putting a stop loss of 3%..
eg: have $100..I enter a trade with a stop loss of $3.00 (risk)...
Let say we make $5.00..now I have $105.00
how do I compound this..by adding to $ my position???
I know that the numbers are very small..
is the concept right????
thanks