Proposition to Trade your account ?
- Thread starter fxtrader101
- Start date
u really are simple.
10% position sizing. risking 10% of K per trade. what dont u understand? risk reward is 2:1. If i were to risk 500$ per trade. the reward would have to be greater than 1000$.
If i lost the first 3 trades. i havent reduced my account by 30%. but 10% on each of the available balances after a loss.
cant risk more than 10% of my available K.
will self destruct otherwise as drawdowns would be too big.
more K, equals more risk , equals more reward. want to get where im going faster.
Quote from OddTrader:
Doesn't matter, as most questions here from many of us are designed for other readers (aka, your potential clients), rather than you!
ask away. some of u sound like u r fresh off the boat.
intelligent questions will get intelligent responses.
Yes I like to keep it simple for people like you. In the example you state, your drawdown would be 30%. And even that isn't correct as you said you wouldn't risk more than 10% of your account on each trade. If you were to actually work it out, 100%-10%-10%-10% does not equal 70%. It's getting more obvious to me that you don't actually have any track record much less an ability to make money consistently.