OPTIONS TRADERS CO-OP

[smartone]

hmmm I am not sure the rule .. but I think that you should not risk more than 5% of your kitty per trade
(some say less like 2%)

so if you are trading $300 a trade - you shouldn't be withdrawing any money
theoretically you need about $6000 - $12000 in your account to be trading at $300 a trade. .

It is all psychological..

EXAMPLE
if you only start with $300 in your account and you lose 25% on a trade you are down to $230
that means your next trade is at $230 (which breaks the my rule of trading the same amount every time .)

with $230 you need to make 32% winning trade JUST to break even.

then you are desperate just to get back to your original investment you just want that one quick score and refusing to take a lose..and that leads to bad trading .