I'm a new subscriber. I find your methodology very intriguing.
I have a couple of questions about risk management.
What percentage of trading capital do u recommend risking per trade?
(I'm fairly risk-averse, which is good for preservation of capital, but not so great for generating returns. 🙃)
From the limited amount that I've seen, it seems that your exits on losing trades are based on closing above/below certain levels (hi/low of signal or entry day). How do you determine your risk considering that the trade can move significantly beyond that point during the exit day? Is there a point at which you would stop out intra-day or do you wait for the close regardless?
Also, how do you account for the possibility of gaps against you?
Do you reduce some size overnight if the closing price is near the stop or prior to an important economic number if the stop is nearby?
I've only watched a few of your videos so far, so maybe some of your other videos address my questions.
Thank you Jason!
I also really appreciate your attendance in the the HumbleTrader interview.
Looking forward to the macro trader interview you are about to release.
Just posted the interview. Let me what you think.
Hi Jason,
I'm a new subscriber. I find your methodology very intriguing.
I have a couple of questions about risk management.
What percentage of trading capital do u recommend risking per trade?
(I'm fairly risk-averse, which is good for preservation of capital, but not so great for generating returns. 🙃)
From the limited amount that I've seen, it seems that your exits on losing trades are based on closing above/below certain levels (hi/low of signal or entry day). How do you determine your risk considering that the trade can move significantly beyond that point during the exit day? Is there a point at which you would stop out intra-day or do you wait for the close regardless?
Also, how do you account for the possibility of gaps against you?
Do you reduce some size overnight if the closing price is near the stop or prior to an important economic number if the stop is nearby?
I've only watched a few of your videos so far, so maybe some of your other videos address my questions.
Thanks