best advise i ever got for trading

NexusFi · 2012-11-30T19:59:58-05:00

best advice is: ride winners, cut losers short. This is a trend following statement, each individual has to decide on what that means. Take a $100,000 account. lets say you only trade the es, first thing is how much will you lose on a trade ( cut losers short). I would risk no more than 2% per trade, that may be a high figure to some but I am very aggressive. So 2% of $100,000 is $2,000. You can then position size from there. If you have $5,000 in margin per contract you can trade a max of 20 contracts. …

Discussion in Traders Hideout

Updated December 1, 2012

best advise i ever got for trading

November 30th, 2012, 06:49 PM	#11 (permalink)
bartokInD Toronto Canada Posts: 9 since Nov 2012	i agree with the original post. finding trades can be really time consuming, it's crucial not not lose one's skepticism and discipline.

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Last Updated on November 30, 2012