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Here4money, Can you please give example of what you mean? My simple understanding is, if your account balance is $50,000, you set a risk % tolerance of 1 or 2. Which means you can only risk $500 or $1000 per trade. Is that what you mean?

Thanks for the explanation. It is a no brainer, but I have not been putting value into risk neither the reward. I was just taking the trade and often exit with reward smaller than the risk. I never valued risk management. Now I do. Overall, I like the risking 1-2% of account balance per trade...

Thank you very much smallfil for the comments. Question for you. Do you believe that good risk management is also good profit taking management? Should trader try to improve for Risk : Reward greater than 1. IMO, the answer is yes.

Thanks padutrader, just making sure I understand you

dozu888, How much do you risk per trade?

padutrader, I know you are a professional trader. Are you seriously risking 100% of your account balance per trade you take in Forex? For example, if your account balance is $20,000, at 100% risk tolerance, you actually risk $20,000 on ALL your trades today? Please respond.

Great post. I been doing this for 4 years unsuccessfully. After some proper training and reading. I am now realizing that if I have an account balance of $20,000, just keep it simple and only risk 2% of account balance of per trade. That is $400 per trade to start off risking. Then trade as...

I am researching if FLR Fluor is a good buy at these levels.

You're welcome. I only swing trade UCO for going Long and Short to keep things simple if I want to trade some oil plays.

KCalhoun, Question for you. Why not just buy and short UCO?

Thanks What is SNP?

Thank you so much eug_post.

Long term investment - 10 to 20 years Short term investment - 1 to 5 years

Hello Everyone, The stock market is falling. Are there any stocks you can recommend me to buy for cheap? In March 2009, I made a mistake not buying PIR and AIG in the cents range. I don't want to miss the opportunity again. Thank you

Thanks volpir, Long term investments - Continue Buying per planned, every pay check. Day trading - The same thing I been doing buying and selling, what every the chart says do.

Correct. I wish I had more money to buy, that is for sure.

orbit23, I am buying S&P 500 index. LONG and VERY STRONG.

tiddlywinks, Thanks for comments.

Thanks for the response tiddlywinks, Question please: 1. How do you learn to trust and be confident in the system to believe the system when it says exit, to exit? And not play the mental woulda-coulda-shoulda mind games with yourself. How do you trust the trading system? Thanks

The biggest problem faced with me (or maybe other traders), is gaining the confidence to pull the trigger each and every trade I think will be a winner. AND not having doubt in my abilities. The solution to that problem, IMO, is constant study and constant practice all the time to increase...