Just curious to see how others manage their risk and position size
Do you trade a fixed Lot size of lets say three lots and then determine if the trade setup is within your risk % parameter? If not, you don't take the trade.
Or do you trade with a fixed risk percentage and adjust your lot size accordingly and take every trade thrown at you?
Do you trade a fixed Lot size of lets say three lots and then determine if the trade setup is within your risk % parameter? If not, you don't take the trade.
Or do you trade with a fixed risk percentage and adjust your lot size accordingly and take every trade thrown at you?
"Formal education will make you a living, self education will make you a fortune"
Risk management is a very important point in trading, which helps us avoid unnecessary mistakes.
forextrader777
Uczestnik z Jan 16, 2021
133 postów
Jan 21 2021 at 04:29
I trade with a fixed risk percentage and adjust the lot size accordingly.
joastdaffy
Uczestnik z Nov 27, 2020
24 postów
Jan 28 2021 at 10:13
While entering a trade, I calculate the stop loss and take profit. I never trade without them and that’s what has been helping me in saving my money.
yana hansen
(78678676)
Uczestnik z Oct 16, 2020
137 postów
Jan 30 2021 at 07:26
joastdaffy posted:That's the right thing to do.
While entering a trade, I calculate the stop loss and take profit. I never trade without them and that’s what has been helping me in saving my money.
forexminded
Uczestnik z Feb 04, 2021
35 postów
Feb 11 2021 at 09:18
Firstly, I set the percentage of risk which I can afford and then think about the lot size.
robindude
Uczestnik z Dec 11, 2020
110 postów
Feb 18 2021 at 08:54
I trade at the risk reward ratio of 1:2 to minimize the losses and keep the profit in margin
chesteroconnell
Uczestnik z Dec 16, 2020
5 postów
Feb 24 2021 at 12:06
For managing risk, I usually try not to risk more than 1 or 2% of my total capital and trades. This has become an effective strategy for me and has worked out well so far.
keyaanhenry
Uczestnik z Dec 16, 2020
18 postów
Mar 17 2021 at 09:23
I try not to risk more than a certain percent of my profit. Works for me.
hattiethomas
Uczestnik z Dec 23, 2020
15 postów
Mar 30 2021 at 11:16
It is better to focus on risk management than to ignore it and I generally don’t risk beyond a certain point. Keeping it to about 2 to 3% of your trade helps a lot.
jonathandaniel
Uczestnik z Feb 20, 2021
53 postów
Sep 28 2021 at 07:21
No, there is never a specific setting that I use while trading. It varies from trade to trade and currency to currency. But yes, the risk is never more than 5% of my total trading capital.
Aaron Countee
(FaintToasted)
Uczestnik z Jun 19, 2021
49 postów
Sep 30 2021 at 09:11
kc8yty posted:
Just curious to see how others manage their risk and position size
Do you trade a fixed Lot size of lets say three lots and then determine if the trade setup is within your risk % parameter? If not, you don't take the trade.
Or do you trade with a fixed risk percentage and adjust your lot size accordingly and take every trade thrown at you?
I have strict rules I follow:
They are in categories based on how powerful I believe the trend will be.
Weak/ sideways ranging markets (quick pop/drop and that's it) I will have several positions open for only 0.01 lots over 10 pairs.
then when I see one pair that stands out and have NEVER gone back to negative in the past hour during premarket, when the market opens I increase position size to 5-10 lots, then close the trade within the first 10 minutes. This can make me a quick $800 to $1,000 in 20 pips.
On a moderately strong or mildly probable trade, I will pick up 0.1 to 0.2 lots and then watch to see if my timing was correct. If it is I will increase to 0.8 to 1 lot.
High probability/ strong trend These I will get in around 0.1 lot and then when it hits 5 pips to 7 pips I will increase to 1 lot and then if it hits 10 pips I go in 2.5 lots total. Get out at 20 pips minimal. I have held all the way to 300 pips before... then held as if fell all the way back to 157 pips and closed the trade. That's a $15,000 profit. I average between $1,400 to $1,600 profit per trade.
*I kill pips for fun.*
UweMoench
Uczestnik z Jul 19, 2020
751 postów
Oct 03 2021 at 12:46
I have stric risk management policy. I risk maximum 2% of my capital. And I open only one trade at a time. Once I closed that trade, I think for next trade.
SteveHanks
Uczestnik z Mar 17, 2021
536 postów
Oct 06 2021 at 18:26
UweMoench posted:Managing risk is the toughest job in this market.
I have stric risk management policy. I risk maximum 2% of my capital. And I open only one trade at a time. Once I closed that trade, I think for next trade.
@SteveHanks It can be the toughest but it is very important. Limiting the use of leverage and using a stop loss can be really helpful while applying risk management to your trade.
In forex, risk management is important for traders, and I would like to know which is the best risk management strategy and position size?
LukeRachel
Uczestnik z Mar 16, 2021
477 postów
Oct 12 2021 at 14:16
The trader succeeds only when he manages the proprietary risk and trades. I must learn this experience. As much as I don't know about strategy, I have to manage risk.
RobertFerrari
Uczestnik z Aug 15, 2021
415 postów
Oct 16 2021 at 18:34
jonathandaniel posted:Yes. You are right.
No, there is never a specific setting that I use while trading. It varies from trade to trade and currency to currency. But yes, the risk is never more than 5% of my total trading capital.
Unellene
Uczestnik z Aug 01, 2021
283 postów
Oct 17 2021 at 10:48
LukeRachel posted:you need to take risks from time to time, here I completely agree with you
The trader succeeds only when he manages the proprietary risk and trades. I must learn this experience. As much as I don't know about strategy, I have to manage risk.