TheRumpledOne
6,407 posts
msg #62723
- Ignore TheRumpledOne |
5/16/2008 10:02:55 PM
POP!
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WALLSTREETGENIUS
983 posts
msg #62737
- Ignore WALLSTREETGENIUS |
5/17/2008 3:19:47 PM
Cant believe I never saw this before. I think any newbi should have this on his or her dashboard. As usual, excellent work Avery!
RIGGS
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TheRumpledOne
6,407 posts
msg #62743
- Ignore TheRumpledOne |
5/17/2008 4:36:07 PM
Glad you liked it, Riggs.
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TheRumpledOne
6,407 posts
msg #98008
- Ignore TheRumpledOne
modified |
12/15/2010 8:07:28 AM
Follow this suggested formula and you should stay in the game a very long time.
MAXIMUM RISK = 2% * ACCOUNT BALANCE.
MAXIMUM STOP LOSS = 2% * STOCK PRICE. (INCLUDING SPREAD)
POSITION SIZE = RISK / STOP LOSS.
As your stop loss increases, your position size decreases.
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