DislikedBut money management also says you are willing to lose UPTO 2% capital per trade, which should be translated into different lot sizes, not fixed 0.5 lots.
Ignored
if you say you will risk 2% capital per day, than you trade as long as 2% loss is reached. Thats what i do. I dont count only pips on my trades but also % of capital so i know exactly when to stop trading.
The pips i am willing to risk for a special trade vary from what looks like a good (A+) or risky trade. The time of day, first move after london Open is better . . .
any comments welcom