>trade a minimum position, just enough so a loss would mean less than 2% of my capital
>get enough profits so I can increase my position size without risking more than 2%
>now my position will increase twice as faster
>then three times faster
>rinse and repeat
How could this go wrong?
how could this go wrong?
position entry
>>1077246
rather crude approach to risk management... that aside - how could this go wrong? Very easily if you've got no edge....
It doesn't matter how you structure your bets if there is no edge in the first place... you're basically playing roulette and playing roulette risking 2% of your stack each time can just as easily see you go bust
get a quantifiable edge, then forget about arbitrary wagers - look at half Kelly instead
Fees would destroy you
>>1077246
this is called compounding...
start with 100 and risk 2$
when you grow to 200 you risk 4$
when you grow to 300 you risk 6$ and so on
standard practice for me.
flawless plan, literally 0 chance of you losing money
