rogeryrogery wrote: Mon Feb 12, 2024 5:27 am Hello guys,

Can I ask you guys question regarding money management, those who make 10, 20, 30% per day - How much do you risk or how do you deal with it please? If price don't move to your favour you will blow account ? Is it like 10$ deposit and you 1:1000 and just risk all till 100$ - sorry I m bit confuse.

Hope to get some answer. thanks

I employ a risk-reward ratio of 1:3, meaning I aim to gain three times what I risk on a trade. With a conservative 2% risk per trade, I target a monthly return of 15-20%, which might sound sluggish to some, but remember slow and steady wins the race.

Let's break it down further. If we consider a scenario where I win 3 out of every 10 trades:

For each trade, I'm risking 20 pips to potentially gain 60 pips. So, when I win:

Winning Trades:
3 winning trades * 60 pips (target) = 180 pips gained
On the flip side, when I lose:

Losing Trades:
7 losing trades * 20 pips (risk) = 140 pips lost
The net outcome would be a profit of 40 pips over 10 trades.

This strategy might not deliver lightning-fast returns, but it offers stability and consistency, which are crucial for long-term success in trading.