yeah true but it's also 6 one 1/2 dozen the other. I sort
of like just viewing it as the amount I want to risk on the trade,
I think that sort of makes people use smaller positions. For
example if you have a 100K account you might say to yourself I've
giving 2% stops based on my account but then you realize wow that's
$2000. Again it's all the same no matter which one you look
it, I just prefer thinking about the amount I'm fine risking on a
trade basis vs my whole account
that's true! The standard idea seems to be don't risk more
than 1%-2% of the account - but that's a lot of money in a decent
-sized account. Point taken.
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I like this because it
POSITION SIZE CALCULATOR -- found this after Matt's posts last ...
Posted by Michael on 18th of Mar 2018 at 07:56 pm
I like this because it makes you be aware of your trade risk as a % of account size, too.
yeah true but it's also
Posted by matt on 18th of Mar 2018 at 08:32 pm
yeah true but it's also 6 one 1/2 dozen the other. I sort of like just viewing it as the amount I want to risk on the trade, I think that sort of makes people use smaller positions. For example if you have a 100K account you might say to yourself I've giving 2% stops based on my account but then you realize wow that's $2000. Again it's all the same no matter which one you look it, I just prefer thinking about the amount I'm fine risking on a trade basis vs my whole account
that's true! The standard idea
Posted by Michael on 18th of Mar 2018 at 08:44 pm
that's true! The standard idea seems to be don't risk more than 1%-2% of the account - but that's a lot of money in a decent -sized account. Point taken.