DislikedThe answer all depends how much you need to make in order to live and put something away. Just base it on an average of 10% return per month. So if you need $5,000 per month, then you should be trading a 50k account.
I rarely risk more than 1% per position on an average, but I am flexible. Rigidity kills accounts. Certain trades I get into will require lots of breathing room depending on the pair traded and the current market volatility levels. As long as you have an excellent understanding of the underlying market drivers, you really don't...Ignored
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(He who knows everything knows nothing!)
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StopLoss is for none belivers... Trust the Gurus..
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