Good but do you do thinking for yourself? Think HARD before you answer. I know you are not used to it but please try.
Risking more than 1% at the beginning of the journey is not practical. It’s better to start low to figure out the amount of risk that is acceptable and then move ahead.
Traders need to be sure of how they wish to enter the market and how much risk they wish to accept. Risking more than 1% in the beginning can be too much. So, take enough time and then expand.
Don't know if it was in "Market Wizards" or "Unknown Market Wizards": There was a trader interviewed who was trading in George Soros' fund. George said to him, if he is really sure about a trade, he should "crank it up"... I know, this might be no trading advice but investment advice. Maybe he wasn't using leverage at all. But it illustrates that the 1%-rule is not valid in every scenario.
%% Good question. MOST likely no\ since many gov agencies now promote lotto. Dave ramsey is right '' a lotto is stupid tax on people that cant do math.'' A friend of mine told me, i was working @ his place,'' HURRAY up i want to go to the casino'' LOL i said ,as i frowned, ever wonder why the casinos are honest enough to ad\ it as ''entertainment?? LOL'' I asked a metals dealer as he paid me some cash this year; that's better than the lottery isnt it" " Yes that's right he said'' IBD stock system risks 7-8% max, but that's a 555 page plus system. One of Lewis B, 10 commandments of trading= 3 losses in a row, take a break. Some one with a low hit rate could ignore that maybe.