How much should I risk per trade? See below..* Trading is risky. Please don't rely solely on my financial advice.
* If you do take any of my trades, I suggest you only ever risk 0.25% - 0.5% of your total Capital on any given trade.
My trades have fantastic RR. Not this 1:1 crap you will get from a subscription service. But it's much more than my ego.
Here is why:
Say you risk 2% per trade like the gurus tell you.
If you have a 20K account & have 10 losing trades in a row, your account diminishes by $4000, so you now have a 16K account.
If you risk 0.25% per trade as I suggest. Here is the maths.
If you have a 20K account & have 10 losing trades in a row, your account diminished by a mere $500 compared to losing $4000 when you risked 2%.
You now still have $19,500 and you have not ruined your Psychology.
I have been trading a long time & 0.25% to 0.5% seems to be the sweet spot.
