It goes on to help the planet. Felt (28) Give yourself a ton of room for failure. Eight out of ten trades failed for me. That was fine because when I hit a winner it won big. But if you’re averaging eight out of ten trades failing, then it will be common to fail 20 times in a row. I’ve gone through streaks of 40 failed trades in a row. You’ve got to be able to survive those. My recommendation would be to risk 1% (or less) of the money you’re willing to lose on each trade. That gives you 100 chances for failed trades before you go bust. It shouldn’t happen. (Of course, when I was twenty I was risking 10% on some trades… if I went bust it wasn’t that big of a deal.)
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October 21, 2017/by Alex Barrow Orange Ribbon (26) Economic globalization Jump up ^ D Abulafia; O Rackham; M Suano, The Mediterranean in History, Getty Publications, 1 Mar 2011, ISBN 1606060570, retrieved 2012-06-26
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