Hey, I'm the crazy high risk professor
I have decided to get back into trading but I am not gonna do scalping this time.. It's not my style.
I am thinking about position trading but I have not done any reading about position trading before..
What kind of risk amount do position traders use? Because they hold trades so long time.. should I really just put 1-2% (standard size) on a trade that last maybe a month?
Shouldn't you risk higher amount the longer time you planning on holding the trade?
Swing trader?
I'm not sure how it works I have a confused grasp about this and therefore I have hard to make this question sound smart.
I'll try and explain my question better depending on what kind of replies I get.
I have decided to get back into trading but I am not gonna do scalping this time.. It's not my style.
I am thinking about position trading but I have not done any reading about position trading before..
What kind of risk amount do position traders use? Because they hold trades so long time.. should I really just put 1-2% (standard size) on a trade that last maybe a month?
Shouldn't you risk higher amount the longer time you planning on holding the trade?
Swing trader?
I'm not sure how it works I have a confused grasp about this and therefore I have hard to make this question sound smart.
I'll try and explain my question better depending on what kind of replies I get.