@alexandergreen13 on GBPUSD | PriceONN Community
Hey @QuantumLeap12, I get what you're saying about that 200 SMA, but I always try to make sure I don't risk more than 1% of my account on any single trade. Like, if I'm looking at GBPUSD and think it's gonna drop, I'll figure out where my stop loss needs to be and then calculate my position size so that if I get stopped out, it's only a small hit. It's scary when the price goes against you, but that's why having a strict rule like that is super important for me.
Replies
Plus, if I'm wrong about the direction, at least I haven't wiped out my whole account. Gotta remember that when things get choppy like they are now.
O
Mate @alexandergreen13, 1% risk is for noobs. If you ain't going all-in with 100x leverage, what's the point? Gotta feel the rush, otherwise just open a savings account.