How tight are your risk stops?

Discussion in 'Strategy Development' started by ginux, Feb 23, 2006.

  1. ginux

    ginux

    What is the max amount of loss you are risking for each trade % wise?
     
  2. 3% max
     
  3. ginux

    ginux

    Do you mean 3% of your ENTIRE capital

    or

    3% of the amount you used up for that particular trade?
     
  4. ---------------------------------
    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'':cool: :cool:
     
  5. 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.
     
  6. ginux

    ginux

    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%.