Hi everyone,
i'm back at trading with a new strategy only on EURUSD, intradays and daily trading. I would like to get some feedback about a topic; i almost never place stop losses cause i don't want to be cut out from a support or a resistance for few pips. I'm doing quite well at getting getting the trend and when i don't the losing trades turns in profits (even if small ones) in max a week or whatever so i close them.
My account is < 1K € and i don't want to exceed 3% as money management per trade. How can i calculate the lot size if i dont' place stop losses? is there a kinda scale according to the accout dimension that can be used? What do you think in general? Thanks