DislikedNo, that's not what i am saying but what supertrader is referring, he said that he wants to achieve about 10% growth per day, with 3% risk per trade.
Assuming 3% risk is $300 each,
he wants to make $1000 at 10%.
If a trade is taken at 3% risk, tell me what kind of risk reward and leverage he is using to achieve 10%? that's my question and doubt. I am not criticizing, but wonder is leverage or risk bet.
Because u see, some people trade like that, they are using 3% risk on an example of 15 pips stop loss leverage, and they target a 45 pips 1:3...Ignored
So for 3% risk per day, targeting 2:1 risk reward per trade, would that be a sound plan? But then I can't set a goal of how much to achieve per day. I can only take what the market gives .....
What is your advice?
No longer trading forex. Looking for full time job.