This is my true advice, taking in account all that has been said here and knowing the truth about my style and my history of over 1200 trades.
Risk Management should be left to the professional trader
1. Determine max historical risk over past 26 months
2. Take 50 to 60% of capital at 1x risk (trade copying or Mt Cook PAMM fund, Darwinex, private management)
3. Take 25 to 30% of capital at 1.5x risk or 2x risk
4. Take 10 to 15% of risk capital at 3x to 4x risk
As your analysis will find, this is the way to go.
As I said
- Take profits monthly or regularly
- Only allocate an amount that is proportional to your knowledge, management ability, and attention affords.
- Take responsibility for which investment option you choose: trade copying or fund structure.
And the other foolish and emotional comments I am no longer responding to from those "persons not worth mentioning".
It really is entertaining for me to look at the results of the naysayers and I'm-too-pissed-off-to-make-adjustments-anymore-I'm-finished-type people. I study them on Zulu and Myfxbook.
It never fails that their results are very poor and for some reason they haven't found the keys yet. My overall profit (just look at the 9 strategies and their histories on myfxbook) should show you that I know what I am doing. I learned from people like myself 2 years ago, and that's what is going to propel me to 6 and 7-figure incomes.
What really made a difference for me was:
- money capital is most important / risk management
- psychological capital is 2nd most important / study it
- knowledge capital and building it up / compounding it / aggregating it is 3rd most important
- Don't throw any of them away