Simple's Green Room

[pennies2007]

It's right here. Remember, I have a higher risk tolerance than most so you can't necessarily go by the percentage of risk per trade I use. The public account is my play money so I'll go in as much as 10% or more depending on the circumstances surrounding each trade. And I have experience on my side so I don't mind risking more.

The one thing I try to always ask myself before I take a trade is...how much am I willing to lose at most? Then, I'll divide out that risk accordingly depending on how many entries I think I might have to take on a given time frame. Once I exceed my risk tolerance, I'm out, even if it means I draw the account back down and lose profits.

The trades I usually wind up regretting are the ones where I get too big for my britches and go in way too heavy...like the AU short I took in the public account that was far too large. It literally took the account from 20% in the green to over 7% in the red. I had to make all of that back and I still haven't gotten it all yet. But the account is back in the green again.

https://www.myfxbook.com/members/nettechs/waves/1539708