Would be nice if someone would share them clever money management rules/system more in details?
So far I'm always risking 1% of my account (stop-loss) and looking to 2% gain (limit). That's it.
Any suggestsions regarding money management? There's endless number of threads about trading systems, but a few threads about money management systems.
PS: I have been trading for 6 months now, made some 100 trades and I'm pretty much in the starting point still, with 4% trading account minus (that's around the cost of spreads for 100 trades).
I'm not making money, not losing lots of money. Any ideas what should I change to get better?
So far I'm always risking 1% of my account (stop-loss) and looking to 2% gain (limit). That's it.
Any suggestsions regarding money management? There's endless number of threads about trading systems, but a few threads about money management systems.
PS: I have been trading for 6 months now, made some 100 trades and I'm pretty much in the starting point still, with 4% trading account minus (that's around the cost of spreads for 100 trades).
I'm not making money, not losing lots of money. Any ideas what should I change to get better?