Sentences with phrase «need risk per trade»
We need trailing stops... we need risk per trade and total risk on the portfolio....
http://trendfollowingmentor.com/ Not exact matches
If you're relatively new or have just begun trading live, you'll probably need to risk less per trade than someone with 10 years live account trading experience.
You need to define the 1R dollar risk per trade that you are comfortable with potentially losing on any given trade, and never exceed that amount.
The two keys to money management are funding your account only with money you really don't need, and not risking more than you care to lose per trade.
Your risk per trade is a very important dollar figure that YOU need to come up with based on your personal circumstances which will encompass a variety of different variables.
If you lose 50 % of your account, you need to make a 100 % gain on it just to recover that loss, and risking 2 % per trade is not how a professional would recover from such a loss, because it would take virtually forever.