Simple's Green Room

[pennies2007]

You misunderstand me on the few hundred pips on the daily, Qui...it is nothing if you keep the relative PERSPECTIVE in mind at all times.

Keep in mind, I never said enter 2% every time you add to a trade every 200 to 300 pips...I said 2% risk on a trade TOTAL. One thing you have to keep in mind is that if you plan on trading the larger time frames, you need to take that 2% risk and divide it up. If you anticipate the possibility of taking as many as 4 trades total on an add-on, then that 2% has to be divided by 4, which means you only take 0.5% per trade at most.

You have to keep the total risk factor in mind per time frame that you're trading. It's different for every pair and for every time frame.