[quote=navk;13041722]{quote} I use good leverage. I do not have big money as others, so I use leverage only to my advantage. As I do daily trading, I know the daily range AND when to take a trade. At times, it runs even 10 % floating loss before turning to my side. However, this is not applicable to new traders. Maximum 1 / 50 leverage can be used with 3 to 5 % floating loss. IMO. And most importantly, when you feel, you made reasonable money ( say 2 to 4 % of your capital ) quit trading for that particular day. If you are day trader. There are statements, take losses, but allow profits to run. While the first statement is true, take losses, but also do not bother to book profit too. This is specially applicable if you are day trader.
Hi Navk, you and i have very similar outlooks on capital management, though i look for 1% minimum per day compounded and anything on top is a bonus but i don't chase it, that's when mistakes pile up
Hi Navk, you and i have very similar outlooks on capital management, though i look for 1% minimum per day compounded and anything on top is a bonus but i don't chase it, that's when mistakes pile up
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