Comment on Opentrade - learn following star traders

Mak_T commented on 14 Jan 2016, 11:26 AM

Hi Nithin, Good initiative.

What about MM (position Sizing) ? This is heart of trading. Say I am following a trade of a star , then I should also know his MM. If he is betting 1% of his capital and some follower bets 20% then results will be opposite.

For the star, we should clearly know his type (day/swing), MM (%bet on each trade), past performance , % win & RR, consecutive losses & largest loss.

For a 60% wining system, its natural to have 12 loss making trades in a row, so MM has to be stressed than just entry & Exit. This will save many of them ….

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