Shadowman540
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Hi everyone,
New here so apologies for any D A questions, but this is giving me some trouble working out.
How does one trade ftse for example with the "recognised", stop placements re money management of say 2% max loss over longer periods/ charts.
Eg say I look at day charts over a year and trade a basic ma strategy, I have an account of 50k, (I don't), my maximum acceptable loss on this account would be 1k.
Now if iam looking at longer term trading that would require me to have a stop set somewhere around 200 pts away, to get rid of recent lows/highs/spikes, that requires my stake to be £5, if I managed to get 1000 point in the year id make 5k.
Are these the sort of stake sizes that people are using on accounts this size, are the time frames too long for the instrument / size of account or am I just getting the whole thing **** about face.
Any advise much appreciated
New here so apologies for any D A questions, but this is giving me some trouble working out.
How does one trade ftse for example with the "recognised", stop placements re money management of say 2% max loss over longer periods/ charts.
Eg say I look at day charts over a year and trade a basic ma strategy, I have an account of 50k, (I don't), my maximum acceptable loss on this account would be 1k.
Now if iam looking at longer term trading that would require me to have a stop set somewhere around 200 pts away, to get rid of recent lows/highs/spikes, that requires my stake to be £5, if I managed to get 1000 point in the year id make 5k.
Are these the sort of stake sizes that people are using on accounts this size, are the time frames too long for the instrument / size of account or am I just getting the whole thing **** about face.
Any advise much appreciated