Forum: Psychology and Money Management
August 12th, 2019, 12:47 PM
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Replies: 19
Views: 3,437
silverDragon
Actually, the risk is less...
silverDragon
Actually, the risk is less important then having a working method. But, yes you are absolutely correct that a daily loss limit from 2% to 7% makes sense for a day trader. One good...
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Forum: Psychology and Money Management
August 10th, 2019, 11:28 AM
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Replies: 19
Views: 3,437
A good rule of thumb is to divide your max...
A good rule of thumb is to divide your max acceptable drawdown by 12. It is based on my experience testing systems in that most working systems typically won't have more then 12 losers in a row. And...
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Forum: Psychology and Money Management
August 9th, 2019, 11:23 AM
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Replies: 19
Views: 3,437
Here is the deal, you can risk way more then 2%...
Here is the deal, you can risk way more then 2% and not blow out if you do not take serially correlated losses and have low probability of blow out at 2% risk. I think the real limit for most working...
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