Hello Donwealt,
If I can suggest you two books that I found quite useful, and I believe they may be useful for you as well:
- One good trade
- The Playbook
by Mike Bellafiore. They discuss a lot the challenges that a daytrader must overcome to become profitable. :arrowu:
Hi all,
For trading (1-3 months holding period long+short), I risk a fixed percentage of my NLV (usually 1-2%/trade). Moreover, I keep the total risk of my trades below 10%.
I also added a rule for the maximum "theoretical" drawdown, such that in case all my positions hit stop-loss, I should not...