--------------------------------- Like to start with a small %; total risk to capital. Aim @ not exceeding that amount; scale in usually & market conditions are also a factor Easier to get back in if desired ,than huge ''holding thru pain''
Apparently to tight. I was reviewing my trades for 2006 so far last night. And was shocked to find that had I let almost every one of my losers have a little more wiggle room they would have worked out. Instead over half of my gains were eroded do to commissions and stopping out early. I`m up 1% on the year and I should be up about 5%. Even after years of trading we can learn something from a trade log.
so how tight is it? i'm current risking 3% of the trade amount (not total capital) incl. commissions and slippage, and i find myself getting tapped out A LOT. now i'm thinking of increasing it to 5%.