Cheers Mike the cost of guaranteed stop losses in conjunction with the system I am using would make it non profitable so I can't really go down that route.
I accept all the advice on £3 per point being too high if my total bank was £500 but the reality of the situation is that my bank is much...
p.s. guaranteed stops aren't really an option for the amount of time my trades are open they are just too expensive! I am not scalping but tend to only be in the market for a few hours tops!
Hi All,
Thanks for the responses. Again if god forbid something really bad happened I am sure I would have bigger worries than losing a few quid!
I am just trying to get risk management down as this seems like the most important thing!
I have actually just withdrawn the £600 made so far to...
Hi,
I am trying to determine my risk of losing more than my initial deposit. I am betting the FTSE100 at £3 a point with a balance of £500 (started with £100 @ £2 per point and have been testing a system for 1.5 months) in my account this means if the FTSE is at 6700 I have leverage value of...