Managing risk will keep you in the game.
Never more than 5% of your portfolio in any one trade.
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The best traders aren't necessarily the smartest
They are just the best at managing risk
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If you have a small account, $500-1000 would you
A) 5% per trade
B) add money each month until you have a more sizeable account
5% of 500 will take forever
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Personally, in my small account I do 20% per trade. Risky, I know.. just gotta have tighter stops and better risk management
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