I am trading a very small account and will take very position with full margin on 100:1 leverage. To manage the risk to about 10% per trade, I place 10 pips stop, including the spread on every position. The risk is very high. One 10 straight lose at any time, regardless how big the account grow, will bring it to $0.
I will focus on finding my emotion reaction when I trade with such a high risk setting and will update here when I can.
Your recommendations, suggestions and criticisms are welcome.
I will start upload charts of my trading here.
I will focus on finding my emotion reaction when I trade with such a high risk setting and will update here when I can.
Your recommendations, suggestions and criticisms are welcome.
I will start upload charts of my trading here.
Every trader needs an emotion risk manager