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Trading Tip | Mental Account Balance

Phil Newton's picture
Sun, 29/11/2009 - 15:18 - Phil Newton

$1,000,000 in the bank risking 1% of account on any trade means your risking $10,000 per trade.


An extreme example but if you have got that and can afford that, great.


Now lets think for a moment, trading with YOUR current size of position; Do you;



  • Loose sleep at night?

  • Worry about trades?

  • Avoid placing trades?

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