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% of balance to open positions

Ray (rjm354)
Dec 09 2012 at 01:40
42 Posts
I'm curious what % of your account balance most of the pros here use to open positions ?

And what percent of your accounts do you risk ? Do you set stops to total 2% of your account 5% ...?

Just wondering if there is some consensus out there amongst experienced successful traders.

Thanks for the input


Chikot
Dec 09 2012 at 01:52
2299 Posts
Yeah, interesting question indeed.

SIM
pip2cash
Dec 09 2012 at 02:06
423 Posts
Hi Ray,

I think this has no fixed rule. This is depend on personal risk tolerance and the trader's trading strategy. Same trading strategy for different trader will have different risk management. This is one of the reason how come a same strategy will give opposite trading outcome when it is used by different traders.


Lets see what others say.

Regards,
SIM

Ray (rjm354)
Dec 09 2012 at 02:20
42 Posts
pip2cash posted:
Hi Ray,

I think this has no fixed rule. This is depend on personal risk tolerance and the trader's trading strategy. Same trading strategy for different trader will have different risk management. This is one of the reason how come a same strategy will give opposite trading outcome when it is used by different traders.


Lets see what others say.

Regards,
SIM


Yes I agree and thanks for the reply. Each trader maybe has a limit no matter the personality or trading strategy. Maybe something like this..... I will never use more then ?% of my balance to open a position or positions. And I will never risk more then ?% on any trade or group of trades at 1 time.
Does that make sense ? What I'm trying to find is I guess is, what is YOUR answer to that personally.

Thanks again

SIM
pip2cash
Dec 09 2012 at 03:02
423 Posts
Hi Ray,

This quote sound more sense to us 'what is YOUR answer to that personally'. I think the question is very clear now.
Would like to see more reply from different traders and if possible please state your trading strategy as well. Thanks all in advance.

Regards,
SIM


rjm354 posted:
pip2cash posted:
Hi Ray,

I think this has no fixed rule. This is depend on personal risk tolerance and the trader's trading strategy. Same trading strategy for different trader will have different risk management. This is one of the reason how come a same strategy will give opposite trading outcome when it is used by different traders.


Lets see what others say.

Regards,
SIM


Yes I agree and thanks for the reply. Each trader maybe has a limit no matter the personality or trading strategy. Maybe something like this..... I will never use more then ?% of my balance to open a position or positions. And I will never risk more then ?% on any trade or group of trades at 1 time.
Does that make sense ? What I'm trying to find is I guess is, what is YOUR answer to that personally.

Thanks again

PST_Trader (Emo2010)
Dec 09 2012 at 11:29
69 Posts
rjm354 posted:
I'm curious what % of your account balance most of the pros here use to open positions ?

And what percent of your accounts do you risk ? Do you set stops to total 2% of your account 5% ...?

Just wondering if there is some consensus out there amongst experienced successful traders.

Thanks for the input



ray, its the key to find out how much you are conformable of losing, a day, a week, a month or a year. when you find out that answer, you would get the answer to you post question. thanks.

js

Don't allow yesterday's success to lull you into today's complacency, for this is the great foundation of failure.
Chikot
Dec 09 2012 at 14:33
2299 Posts
I regularly take 5+% risk but spread over few pairs but always along the trend as I perceive them. Try to move stop to BE as soon as possible at at least 1;1 r:. though. still interesting how others take risk and how much.

Ray (rjm354)
Dec 09 2012 at 15:36
42 Posts
Emo2010 posted:
rjm354 posted:
I'm curious what % of your account balance most of the pros here use to open positions ?

And what percent of your accounts do you risk ? Do you set stops to total 2% of your account 5% ...?

Just wondering if there is some consensus out there amongst experienced successful traders.

Thanks for the input



ray, its the key to find out how much you are conformable of losing, a day, a week, a month or a year. when you find out that answer, you would get the answer to you post question. thanks.

js
Yes and thanks js.... But my question is what is YOURS what are YOU comfortable with ?
I understand its all about what each trader is comfortable with themselves.
I want to know what each of you out there are comfortable with.

Ray (rjm354)
Dec 09 2012 at 15:37
42 Posts
Chikot posted:
I regularly take 5+% risk but spread over few pairs but always along the trend as I perceive them. Try to move stop to BE as soon as possible at at least 1;1 r:. though. still interesting how others take risk and how much.


Thanks for the response. That was right to the point.

Ray (rjm354)
Dec 09 2012 at 15:45
42 Posts
I am not asking for advice on what I should do or that I need to find my own comfort level.

I just want to know what you pro's do.

So I will ask it again in yet another way.

What percent of your account do you use to open positions? for example, is it between 10% and 50% but never more then 60% ?

What is your risk level ? When it comes to placing stops ? Is it between 2% and 10% Never over 10% ?

Or is it a secret? HAHA jk

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