Anyone have any thoughts / opinions on this topic?
Consider the possibility that you have been trading TMS successfully for several months and that you have been achieving a consistent monthly trading accuracy of over 70%.
Your pips win to loss ratio is 3 to 1
At what point would you consider risking a higher amount (% of your account balance) in your trading?
a) Never
b) May consider the occassional trade to test the theory for a really good entry position
c) Full steam ahead - rewrite the MM plan and go for it
Ok here is a good way to do it if you are concerned about how......lets say you start off with a $10,000. SO with that I will risk 1 full lot on a trade....I dont go on percentages I go an monetry value....once my account hits 15,000 I am then happy to risk 1.5 lots and so on...if I get a few trades in a row wrong and my balance decreases below that 5 grand threshold step, I decrease my lot size until I recover....as in if it goes back under 15grand I go back to 1 lot. I couldnt care less about % figures.
THis for me is stress free and you become casually accustomed to the larger amounts you trade. IT also give you a fixed target to aim for and also a fixed figure with which to decrease risk during a bad run for recovery.
That my way anyway.
