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Opening big lot

Dec 20, 2020 at 09:06
419 Views
11 Replies
Member Since Jul 19, 2020   751 posts
Dec 20, 2020 at 09:06
Most amateur traders jump to open big lot size as it brings immense profit. But a big lot size can transform into a bad dream. You can get a margin call. Don't risk more than 2% of your capital.
Member Since Jul 23, 2020   869 posts
Dec 20, 2020 at 11:41
UweMoench posted:
Most amateur traders jump to open big lot size as it brings immense profit. But a big lot size can transform into a bad dream. You can get a margin call. Don't risk more than 2% of your capital.
It is essential to follow proper risk management in order to set or increase lot size.
Member Since Jul 20, 2020   298 posts
Dec 21, 2020 at 02:34
Every trader should work according to plan and discipline. At the same time, it is very important to follow money management. If a trader does not follow money management, he will never be able to make a consistent profit.
Member Since Nov 18, 2020   23 posts
Jan 12, 2021 at 08:49
Yes, risking more than 2% amounts for a huge loss. Sometimes, it works for some traders but only at the cost of risking their trade.
Member Since Dec 01, 2020   23 posts
Feb 09, 2021 at 10:01
Yes, risking more than 2%of your trade or capital can turn out to be a bigger mistake than most people realise it at the time. It is important to focus on your risk management and 2% is the safest you can be.
Member Since Jan 11, 2019   147 posts
Feb 09, 2021 at 11:05
personally i am not in the favor to open big lots as i believe it leads to slippage which can actually disturb the plans or the targets
Member Since Dec 24, 2020   12 posts
Feb 24, 2021 at 05:27
I agree with you. It is better to avoid getting a margin call and not risk so high. Keeping it to 1 or 2% is safe and sound in my opinion.
Member Since Jun 22, 2020   77 posts
Feb 24, 2021 at 09:25
Gracewilson1995 posted:
personally i am not in the favor to open big lots as i believe it leads to slippage which can actually disturb the plans or the targets
Exactly how i am feeling about big lots, but setting the margin call will make it quite good but I can see how slippage can get worse
Member Since Dec 11, 2020   110 posts
Feb 24, 2021 at 10:18
As long as you keep your risk to 2%, this is fine
Member Since Jul 23, 2020   759 posts
Feb 24, 2021 at 14:04
robindude posted:
As long as you keep your risk to 2%, this is fine
New traders should not take more than 5% risk per trade.
Member Since Nov 09, 2020   15 posts
Feb 27, 2021 at 04:52
epeeminna posted:
I agree with you. It is better to avoid getting a margin call and not risk so high. Keeping it to 1 or 2% is safe and sound in my opinion.
I think that is quite low. The possibility of profits goes down if you risk that low, in my opinion. What do others say about this?
Member Since Nov 07, 2020   34 posts
Feb 27, 2021 at 12:59
Tyronemings654 posted:
epeeminna posted:
I agree with you. It is better to avoid getting a margin call and not risk so high. Keeping it to 1 or 2% is safe and sound in my opinion.
I think that is quite low. The possibility of profits goes down if you risk that low, in my opinion. What do others say about this?
I don’t think it works like that. If you are risking say about 5% of your entire trade and you happen to get a margin call from your broker, you are likely to lose more than gain from it.
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