Jugador

Okay, thanks...that should keep me busy for awhile.

When you say confluence, you mean like a bollinger or keltner being touched?

Anybody trade this strategy? If so, what kind of entry do you use? Anticipate or confirmation, or maybe something else?

Finally we agree! :o

Hi...somehow this discussion has gotten off track!...:o The question was how much should a trader risk for the week, and I think 5% was a good suggestion from maildigger, and you didn't agree. So, we'll just leave her at that, alright. Cheers bro

Hi...Yes, I realize that all traders have different "system/methodologies" that fit their personality. But, I think that all successful traders have similar money management strategies. This is what I'm getting at, not to copy someone's entry or exit method. For example the 2% rule. I believe successful traders follow this rule religiously. Most probably risk even less than 2% on a trade. If your saying it's perfectly fine to risk 25% on trade, if that's the way you want to do it, I'm afraid I'll have to disagree.

Hi...I'm just starting out and hoped to get some advice from experienced traders on this board. I know what you're saying, but as far as money management goes, I think there are some "cardinal rules" that successful traders all have in common. Hope that answers your question. Cheers

:o I hear ya............

Hey maildigger...I'm just starting out and my plan is 0.5% per trade, no more than 2% for the day and 5% for the week, and 10% for the month. Does that sound good to you?