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exposure
Thank you for your input BigMacdollar. In the case of an account that size and given the goal to grow the account. What would be an acceptable risk exposure percentage per trade?
I have deviced my own simple formula and in theory it looks sound but I would like some input. I would exposed 10-15% and as account grows I will still exposed same percentage but of a greater account size, example: if my account is 200K, I exposed 15%, I liquidated my trade and now my account is 230k, I will now expose 15% of 230k. This way as my account grows I am able to take advantage of profitable trade with greater volume.
Could some of you, experienced traders, give some advice on this stratergy or if anyone has a better approach?
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