How tight are your risk stops?

[ginux]

What is the max amount of loss you are risking for each trade % wise?

 

[ChaosNSX]

3% max

 

[ginux]

Do you mean 3% of your ENTIRE capital

or

3% of the amount you used up for that particular trade?

 

[murray t turtle]

Quote from ginux:

What is the max amount of loss you are risking for each trade % wise?

---------------------------------
Like to start with a small %;
total risk to capital.

Aim @ not exceeding that amount;
scale in usually & market conditions are also a factor

Easier to get back in if desired ,than huge ''holding thru pain''

 

[TrueRange]

Apparently to tight. I was reviewing my trades for 2006 so far last night. And was shocked to find that had I let almost every one of my losers have a little more wiggle room they would have worked out. Instead over half of my gains were eroded do to commissions and stopping out early. I`m up 1% on the year and I should be up about 5%.
Even after years of trading we can learn something from a trade log.

 

[ginux]

Quote from TrueRange:

Apparently to tight. I was reviewing my trades for 2006 so far last night. And was shocked to find that had I let almost every one of my losers have a little more wiggle room they would have worked out. Instead over half of my gains were eroded do to commissions and stopping out early. I`m up 1% on the year and I should be up about 5%.
Even after years of trading we can learn something from a trade log.

so how tight is it?

i'm current risking 3% of the trade amount (not total capital) incl. commissions and slippage, and i find myself getting tapped out A LOT. now i'm thinking of increasing it to 5%.