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Seems that people are forgetting one thing : % can be calculated only for known lot size AND stop loss. Without a stop loss, % can not be calculated
:):)
Usual thinking is "AND take profit"
:):):) Usual thinking is "AND take profit"
And then comes this :
And then comes this :
:):)
That us the final "AND" ....
Hahaha, lol!
And then comes this :
:)
Never (only when nobody sees me )
:):) Never (only when nobody sees me )
What percent was the risk after all?
:) What percent was the risk after all?
No percent - no stop loss
Your question is not correct. You should ask yourself, if I hit a stoploss how much % risk can I take. Because you can take in a big position but with a very small stoploss. Or you can take a position with very few contracts but with a big S/L.
The answer is that when you take in a postion you need to place a stoploss. That stoploss can never exceed a loss of 3% loss of your total account. So it is up to you to calaculate your contract size (when you enter a position) in such a way that in relation with your S/L that you stay under a 3% loss when your stoploss would be hit.
Your question is not correct. You should ask yourself, if I hit a stoploss how much % risk can I take. Because you can take in a big position but with a very small stoploss. Or you can take a position with very few contracts but with a big S/L. The answer is that when you take in a postion you need to place a stoploss. That stoploss can never exceed a loss of 3% loss of your total account. So it is up to you to calaculate your contract size (when you enter a position) in such a way that in relation with your S/L that you stay under a 3% loss when your stoploss would be hit.
Dear Igor,
thanks for explaining correct way of calculation risk/mm,we always needs your valued guidance and expertise,thanks.
regards
Your question is not correct. You should ask yourself, if I hit a stoploss how much % risk can I take. Because you can take in a big position but with a very small stoploss. Or you can take a position with very few contracts but with a big S/L. The answer is that when you take in a postion you need to place a stoploss. That stoploss can never exceed a loss of 3% loss of your total account. So it is up to you to calaculate your contract size (when you enter a position) in such a way that in relation with your S/L that you stay under a 3% loss when your stoploss would be hit.
People constantly "forget" that