Disliked{quote} Hi riclater I think 2% is madness. In day trading, if I trade my $100,000 account (I have three $50K accounts but only trading one at present), I would only risk $250 and I am out. To be honest I hedge but never more than 0.25%. Seriously the trades wrong at more than that, you mad staying in and you will likely never make it as a day trader. edit. My point is once the trade heads in the wrong direction by more than a handful of pips, you are relying on LUCK. DAY TRADERS ARE NOT LUCKY But if you got 35% great trading. I am happy with 0.05%...Ignored
I did say 2% OR LESS. That 35% was an example. If you risk $250 like you say and collect $50 you just returned 20% on your risk. If you make $5 you just returned 2% on your risk. Get what i am saying? Also I am not a day trader. Have not been for awhile. I trade mostly Daily, H4 for some futures and weekly for stocks and ETFs.
Keep up the trading. If you can keep that pace for a few years you should be OK.
- Ric
Be humble or get humbled
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