Opening big lot
Dec 20, 2020 at 09:06
419 Views
11 Replies
Member Since Jul 23, 2020
869 posts
Dec 20, 2020 at 11:41
UweMoench posted:It is essential to follow proper risk management in order to set or increase lot size.
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 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 Jun 22, 2020
77 posts
Feb 24, 2021 at 09:25
Gracewilson1995 posted: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
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 Jul 23, 2020
759 posts
Feb 24, 2021 at 14:04
robindude posted:New traders should not take more than 5% risk per trade.
As long as you keep your risk to 2%, this is fine
Member Since Nov 09, 2020
15 posts
Feb 27, 2021 at 04:52
epeeminna posted: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 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 Nov 07, 2020
34 posts
Feb 27, 2021 at 12:59
Tyronemings654 posted: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.epeeminna posted: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 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.
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