I suggest that anyone trading 8%, 15% or 50% of their account has another look at these graphs from p 2763:
http://www.forexfactory.com/attachme...1&d=1250650127
http://www.forexfactory.com/attachme...1&d=1250650127
These arent made up numbers. These are based on a 75% win rate and a fairly optimistic return structuring - neither of whichanew trader has.
You increase your %R, you increase your risk exponentially. You keep doing that and you will go broke eventually. The 2% rule isnt just some arbitary number, it is the best balance of risk and return that stops you going broke.
Stick to 2%. Seriously.
heh, you and me both. its been a bunch of choppy rubbish. a few decent trades here and there, but not many.
http://www.forexfactory.com/attachme...1&d=1250650127
http://www.forexfactory.com/attachme...1&d=1250650127
These arent made up numbers. These are based on a 75% win rate and a fairly optimistic return structuring - neither of whichanew trader has.
You increase your %R, you increase your risk exponentially. You keep doing that and you will go broke eventually. The 2% rule isnt just some arbitary number, it is the best balance of risk and return that stops you going broke.
Stick to 2%. Seriously.
DislikedThanks man i thought i was loosing my mind, i have been sitting here going ok anyday now.Ignored
When you have to shoot, shoot. Dont talk.