I'm now reducing my max % risk per trade from 2% to 1%.
The reason for this change is simple. There were times when I felt really, really uncomfortable about the amount of money that I'm leaving on the table, after taking a trade.
And this feeling of unease is NEVER a good thing, as this could potentially goad me to really screw up on my trade management.
I had thought that having a 2% risk was something that I could live with.
I guess I was wrong.
So let's see how my psychological reaction would be, now that I have slashed my risk.
Sunday, July 12, 2009
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