52 Level Money Management System
I have broken down my progression into 52 levels. Each new level represents an increase in account balance of approximately 10% of my account value. I am currently on level 3, which needs a total increase of $450 realized gain to move to level 4. I review the status at the end of each week, if balance is at next level, I increase the lot size accordingly.
There is no fixed RR, but I do keep risk on any single trade capped at about 3%. Regarding lot size, I have this predetermined for each level. For instance, currently, each position is one 10k lot, or 1$ per pip. The next level or two will likely stay the same, then move to approx 15k lot size.
I will likely update post #1 to maintain the level status.
I have broken down my progression into 52 levels. Each new level represents an increase in account balance of approximately 10% of my account value. I am currently on level 3, which needs a total increase of $450 realized gain to move to level 4. I review the status at the end of each week, if balance is at next level, I increase the lot size accordingly.
There is no fixed RR, but I do keep risk on any single trade capped at about 3%. Regarding lot size, I have this predetermined for each level. For instance, currently, each position is one 10k lot, or 1$ per pip. The next level or two will likely stay the same, then move to approx 15k lot size.
I will likely update post #1 to maintain the level status.