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I keep reading about different ways to manage risk. For example, one common rule I read about is to risk no more than 2% of your capital and taking a break after losing 10% per month.
Do you guys use a fixed percentage when calculating risk? |
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It really depends on your account size and risk tolerance. I am comfortable risking 10 points per trade. For a $10k account that is approx 0.5% risk when trading one contract.
I would not risk 2% on a $10k acccount per contract. My rule is to trade one contract per $10,000. So the risk always stays low.