Hi @The_Baller, I would like to show you my risk management before starting with my real account.
I’ll start with a 5k account (amount I can afford to lose), my position size will be 0.1 lots and I Won’t open more than 6 or 7 positions.
My risk for position will be 5%, could be a little more, I’ll use TS well away and out of the noise.
I won’t use TP, i’ll leave the position until It reaches the obvious S/R level that I’ll previously have marked in my analysis. (I’ll pay some pizzas with what I earn, I think that motivates anyone).
This way of investing helps me a lot in my current situation.
I appreciate any opinion or rectification you can give me.
Apart from this I would like to know what kind of risk an inversor like you has in accounts of 100k or more, is also 5-10%?
Thanks my friend.