DislikedRemember I'm trying to help,
that said, would you risk 10% capital while managing a 1MM account , perhaps a 100 000 account? would you really risk 10K of your precious hard earned money on one risky trade.
Personally, I wouldn't.
It's just advice so you don't get caught thinking it's got a low Pain to Reward ratio
10% isn't safe at all
Good luckIgnored
Today I have placed 4 trades as pending order 2 on SELL 2 on BUY.
say the SELL amount is $10...but the BUY Amount is $5 because we are still in bearish mode and Trend Reversal is yet to confirm.
So now say my Sell Order is executed and I got $25.
I noticed my Buy order is just executed at 1.3400 the SL is below 1.33xx if I lose it I'll loose $5...then..
My Next Buy Order will execute @1.3320 if it reaches there which is for $10..and I am sure I'll be making that $5 again from that