And again, there is no such thing as a "good" trade. In fact, some of my best trades looked extremely bad right from the start. That said, a trader should never risk more than 2 to 5% of his capital on any given trade, no matter how "good" it appears to be. Trading is a marathon, not a sprint.
Please keep thread clean. This in NOT a thread about jack hershy. If you have an opinion re risk size for a good trade please post your opinion.
Lol 94% of the account with 6% for a margin buffer. That is amazing. Jack have you ever thought about a career in stand up. Thanks for breaking the monotony of this trading day.
Why not 100%? Seems to me once I took a 94% hit on a single trade my frame of mind would make it unlikely I could fight my wayback using the remaing 6%.
How else could you have the confidence to risk 94% on a single trade? Only the flux capacitor model HC (high confidence) can make those trades possible.
You people are simpletons. I don't use JH methods and JH does not need me to run interference. It doesn't matter if he's eccentric, or if he's the worlds first quadrillionaire or if he barely eeks out less than minimum wage. The guy has half a century of hands on involvement in the markets. If you spent a few minutes attempting to decipher and understand some of his posts you might find some value for yourselves. Perhaps even something that meshes with or enhances your trading. And for the record, he said his "policy is to use 94% of capital." No mention whatsoever of how many active trades.