Here's something I'm curious to clarify: When we talk about percent of account balance risked per trade, are we talking for the whole week, or on each Buy or Sell trade?
If I set it up to risk 3% per-trade, then get stopped out 3 times, I've effectively lost 9%.
But if I know going into the week that I'm likely to get stopped out 3 times, would I only risk 1% per trade?
How do others view this with respect to their money management guidelines?
If I set it up to risk 3% per-trade, then get stopped out 3 times, I've effectively lost 9%.
But if I know going into the week that I'm likely to get stopped out 3 times, would I only risk 1% per trade?
How do others view this with respect to their money management guidelines?