DislikedAs mentioned before, I think it is good to start with 1% of leveraged account size as scout. In your case, $3.5k capital on 1:100 leverage, scout size should be 3,500x100x1%=3,500, or 0.035 standard lot of 100,000.
If your skew is 1,1,1, then your entry size is 0.035, 0.035, 0.035. If you cannot go for 0.035 lot, then you can step up to 0.04 or step down to 0.03. The choice is yours.
I don't think we should stop at 1,1,1. This is only at the beginning; we should learn to expand this as we have more experience.
When I said expand, I don't mean...Ignored
- #6,467
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- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam
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Success consists of going from failure to failure without loss of enthusiam
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Success consists of going from failure to failure without loss of enthusiam
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- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam
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- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam
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- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam
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- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam