Best Lot size with $22k account while having 1:30 leverage - page 2

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Marco vd Heijden
Moderator
9224
Marco vd Heijden  
Deevog:

I does simple trade without complex, but I still think 30:1 is a high leverage and someday looking work without leverage, but my main question is what is best sustainable lot size as start for 22k balance 

.05, .010 or .20?

Of course it can be done i didn't say that it was not possible.

But this has got to do with the speed of the growth of the account.

If you were to compare the same trades made on a 1:30 to the same trades on a 1:500 account then you will see the difference.

SafMoseSteve
257
SafMoseSteve  
depends on your strategy
SafMoseSteve
257
SafMoseSteve  
By saying "start balance of .. , sustainable lot size" i might ask myself is this the start of your trading or are you experienced? just so one can give a good answer 
Deevog
2259
Deevog  
SafMoseSteve:
By saying "start balance of .. , sustainable lot size" i might ask myself is this the start of your trading or are you experienced? just so one can give a good answer 

Yes learned some risks by passing of time and remembered on 15 Jan 2015 peoples lost accounts in seconds $100k

A simple way can work and planning to gain 3% a month but still confuse what should be a starting lot ?

SafMoseSteve
257
SafMoseSteve  
Deevog:

Yes learned some risks by passing of time and remembered on 15 Jan 2015 peoples lost accounts in seconds $100k

A simple way can work and planning to gain 3% a month but still confuse what should be a starting lot ?

if the end result is an experience by years, and the proper backtest taking all criteria for a reasonable testing environment + lots of other factors that confirms the experience then risk is directly proportional to your appetite of risk


for example 


some trades will look like they are 100% confirmed but one will still have doubts and risk little of their account


others will look risky but the mindset will lead to putting more money than regularly 


It is only governed by and changeable according to everything that makes your character 

Darivsz Sokolowski
329
Darivsz Sokolowski  
I will start with 0.50. 
Mehdi Zaouli
195
Mehdi Zaouli  
22k balance i will start with lot size 0.20 and increase 0.05 by month if i never exceed 25% DD
hbm
28
hbm  
Mehdi Zaouli:
22k balance i will start with lot size 0.20 and increase 0.05 by month if i never exceed

i use balance stop loss.

so for $22k , i will only invest about $4k and using 1:500 leverage.

 i keep the $18k money in my own bank for backup.

it will only around 4% from your $22k capital if you get stopout.

inside, you will more save keeping your money in your own bank.

its work for  me.

SafMoseSteve
257
SafMoseSteve  

This is from WD Gann's book "The WD Gann master stock market course"


But remember that you are not WD Gann and neither am i, he made 264 winner trades in a month


"RULE 7. Amount of capital required. It is very important to know exactly

how much of you capital you can risk on any one trade and never

lose all of your capital. When you make a trade you should never

risk more than 10% of the capital you have to trade with, and if you

have one or two losses, reduce you units of trading."

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