Thxo 

At first, i want to say something like this; Trader = Risk Taker, nothing wrong with just 1-2% / trade. Too much consecutive losses => back to drawing board. but, reality is not that simple ; Win%------Probable losing streak 30%----------30 35%----------25 40%----------21 45%----------18 50%----------16 60%----------12 70%---------- 9 80%---------- 7 90%---------- 5

PS. By extreme : I meant risky .

Thxo 

Win%------Probable losing streak 30%----------30 35%----------25 40%----------21 45%----------18 50%----------16 60%----------12 70%---------- 9 80%---------- 7 90%---------- 5

If you have 90% win rate, make sure you can withstand (mentally and financially) the potential of 5 losing streak.
etc.

Surprise 

Risking 1-2% per trade - short term trading - is a bit extreme and one of the main reasons why traders lose , few consecutive losses and you are in a handsome DD , its not clear where these figures came from !

To trade well, I recommend in this case that you divert completely from trading for a while and learn how to run a Casino business first Then come back to trade, and apply what you've learnt on statistics, probabilities, expectancies, etc...

Proper money management is the more important part of this business than any technical abilities you might develop.

Fadi 

To trade well, I recommend in this case that you divert completely from trading for a while and learn how to run a Casino business first Then come back to trade, and apply what you've learnt on statistics, probabilities, expectancies, etc... Proper money management is the more important part of this business than any technical abilities you might develop.

Thats exactly my advice , 1-2% is just an arbitrary number , and its a risky proposition for short term traders , it simply wont/doesn't work for most ...

Fadi 

To trade well, I recommend in this case that you divert completely from trading for a while and learn how to run a Casino business first Then come back to trade, and apply what you've learnt on statistics, probabilities, expectancies, etc... Proper money management is the more important part of this business than any technical abilities you might develop.

Great book ==> Trade Like a Casino

shodson 

Great book ==> Trade Like a Casino

You might check out the nexusfi.com (formerly BMT) webinar with him:

Good work, Mike I'm impressed... you got this up in great time... looks fabulous and nice to have a milieu that is familiar... Well done!

Mike

Big Mike 

You might check out the nexusfi.com (formerly BMT) webinar with him: Good work, Mike I'm impressed... you got this up in great time... looks fabulous and nice to have a milieu that is familiar... Well done! Mike

Love this webinar