I know MM depends on your risk tolerance, but why isnt more time spent discussing this topic. Everytime I read a new thread about a strategy, the one thing they all have in common is MM. I am still a newbie so I am still learning. I have heard of lot stepping, martingale(bad MM), using an ATR or trailing stops etc......
What I am looking into is increasing my position by 1 lot when trend is in my favor. If I calculate right I only need to be correct 33% of the time to win( I think) but still learning.
I know that I dont have much to offer at this point but maybe there are some people who can share there exit strategies without revealing their entry strategy and maybe we could find a common factor. Dont misunderstand me I dont want someone to give away their hard work because I think we all should put in our own blood, sweat and tears to appreciate things. Just a starting point so us newbies can be pointed in the right direction.
If someone has already covered this then please excuse me, I will have to do a better thread search..
What I am looking into is increasing my position by 1 lot when trend is in my favor. If I calculate right I only need to be correct 33% of the time to win( I think) but still learning.
I know that I dont have much to offer at this point but maybe there are some people who can share there exit strategies without revealing their entry strategy and maybe we could find a common factor. Dont misunderstand me I dont want someone to give away their hard work because I think we all should put in our own blood, sweat and tears to appreciate things. Just a starting point so us newbies can be pointed in the right direction.
If someone has already covered this then please excuse me, I will have to do a better thread search..