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Opening big lot
Dec 20, 2020 at 09:06
853 Views
8 Replies
Member Since Jul 23, 2020
816 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
286 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 Jan 11, 2019
140 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
69 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 Jul 23, 2020
696 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
13 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?
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