You should never ever risk more than 2% of TLNW

Do you use prudent risk management?

  • I risk no more than 2% of TLNW on any one trade/idea

    Votes: 15 18.3%

  • I risk more than 2% of TLNW on any one trade/idea

    Votes: 18 22.0%

  • I risk no more than 2% of my account balance on any one trade-idea

    Votes: 14 17.1%

  • I risk more than 2% of my account balance on any one trade/idea

    Votes: 31 37.8%

  • I really don't know

    Votes: 4 4.9%
  • Total voters
    82
Quote from opt789:

we know the majority of traders are well undercapitalized, so they feel that they have no choice but to take larger than recommended risk.
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This is one of the main reasons that folks fail---
 
Prudent Money Management is one of the main keys to profitable trading. Most traders totally disregard this aspect whilst looking for trade systems that will yield 100% winners. You will never be successful without first researching, developing and employing Prudent Money Management and taking numerous small losses and letting winners run. All in All out is superior is superior method for enter,exit and stop.:)
 
atticus said:
This thread is nonsense. LIBOR is at 50bp and the average 401k is approx. 45% invested in equity product. They're risking more than 2% of TLNW, which is a ridiculous metric.
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401ks are in general terms, investment vehicles, not trading vehicles.
 
MandelbrotSet said:
i love B1S2's posts as a trader, and he runs a very tight thread with the ES Journal, where he walks his talk, and his wins outnumber his losses by such a great frequency and degree across so many markets that the results must be amazing, but I don't believe in one-size-fits-all trading ... period.
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Hey --Thanks!!
 
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