5min/1h TrendFollowing on ESTX50, SMI, & GBL

Quote from KS96:

Hi all,
I said I wasn't going to trade today, but....
I missed a flight this morning (a loss of 400euros,
but in the wrong account :) ), so I had to buy whatever
ticket was available at the airport. Took a transit flight
and now I am stuck in a lounge at the Budapest
airport with my macbook-pro having 7 hours to kill,
so here I am! :D

SMI short 1 @ 73.
More...

Have fun! Come on, tell us about your risk management!
 
Quote from me1969:

Have fun! Come on, tell us about your risk management!
More...

There is nothing funky about it to tell.
Max risk 1-2% of my equity per trade....
when I exceed it then I lost control of the trade
(and this happens from time to time... I am only human).
As a rule of thumb, I load up incrementally until my
initial margin requirements get above the half of my
net liquidation (sometimes I exceed this, but I shouldn't).
I try to spread the risk among ESTX50, SMI, GBL,
stocks, forex, and only until recently DAX. I usually
reduce the positions when I am gonna go overnight.
That's all. No rocket science here....
 
Quote from KS96:

There is nothing funky about it to tell.
Max risk 1-2% of my equity per trade....
when I exceed it then I lost control of the trade
(and this happens from time to time... I am only human).
As a rule of thumb, I load up incrementally until my
initial margin requirements get above the half of my
net liquidation (sometimes I exceed this, but I shouldn't).
I try to spread the risk among ESTX50, SMI, GBL, and
only until recently DAX. I usually reduce the positions
when I am gonna go overnight.
That's all. No rocket science here....
More...

KISS risk mgmt. works best. :-)
Do you stop after a daily draw down of for example 5 %? Do you place your stops always in the market?
 
Quote from me1969:

KISS risk mgmt. works best. :-)
Do you stop after a daily draw down of for example 5 %? Do you place your stops always in the market?
More...

Why should I stop?

Yes.
 
Quote from me1969:

Cause you are only human and a draw down of 5 or mor percent could affect your trading unfavorably.
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I don't play for the money (although I do play with real money). I play for the high-score. :D :D :D
 
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