Recent content by Damian01
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managing risk as a day trader (money management)
CBA about to break $56.24. Its close. that kind of thing.- Damian01
- Post #6
- Forum: Psychology, Risk & Money Management
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managing risk as a day trader (money management)
FMG high was broken today, which was held for about 15months, so massive build up.- Damian01
- Post #5
- Forum: Psychology, Risk & Money Management
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managing risk as a day trader (money management)
breakout from previous highs i.e. FMG today broke $4.75 and then smashed up to $5.00 from a $4.60 close yesterday. i buy the break and sell into the action!- Damian01
- Post #4
- Forum: Psychology, Risk & Money Management
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managing risk as a day trader (money management)
I trade positions risking 2% of my capital. I work it out by looking at my entry and stop, I then divide 2% of my capital by the difference between my entry price and stop which gives me my quantity of stock to go long or short. Essentially this means that if I have $100K I risk 2k per trade...- Damian01
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- Replies: 8
- Forum: Psychology, Risk & Money Management