Disliked{quote} I wasn't criticizing - just stating what I believe is your strategy - and what seems to work well for you.Ignored
MM (Money Management) is a topic that is almost never discussed.
What is the right MM?
- Is it 2% of account, 1% of account per order?
- Is it 2% of account and divide the amount by how much order's you intend to place?
- Do you scale in / scale out the lot size?
- Do you use Account Balance to determine the new lots size or Equity when in profit / loss?
- Do you compound lot size as account grow or stay with a fix lot size?
- Do you de-compound lot size after a loss or do you stay with a fix lot size?
- Do you set a target like 10 pips a day or place no target to reach?
Do you follow the advice of all the countless web-pages with google search / talking heads or do you go with what you find comfortable to trade with.
2