Wauw. Thanks a lot :-)

Welcome to a fellow scandinavian :-) I'm glad you can find some useful information here

Thank you very much. That means a lot to me :-)

Glad to be of help. You are welcome :-)

Thanks :-)

Hej Peter, Spændende. Du er altid velkommen til at skrive til mig på hh@markettimer.dk hvis vi skal tage en snak om et muligt samarbejde.

You are welcome 🙂

Thanks :-)

Thanks alot. Means a lot to me

Thanks

It is always an act of balancing. I have tested my strategies and SL works great. No one knows where the market goes and if it goes down another 30% it can be great with SL's. But that is up to everyones own strategy.

I have seen the same issue happen with me. It seems most every time I put in what I would consider a reasonable stop loss, I get stopped out. On the other hand, that one time you guess wrong and have the bottom fall out on you to the tune of a huge loss, your probably going to wish you had a stop loss in place. You could just put in a loose stop loss to prevent any sort of crazy loss, then almost immediately move up the stop loss once things look more stable so as to keep things tight.

@@bengaming3649 What method are you using for your stop loss. The ATR?

@Invesigator 2 Thanks man :-)

Thanks

Hi Tony, If you have 100.000 usd and you must risk 1% = 1000 usd pr. trade you will max. lose. If you trade a $100 stock and have a stop loss $10 down you say $1000/$10 = 100 stocks.

Your Stop loss is only 0,3% away which is way little. Most stocks move more in an hour. So would suggest you move your stop longer away. If it is because you are extremely short term day trading, you should only risk maybe 0,1% of your account.

That is a very good question. I have not tried it with Forex since I'm mostly a stock/ETF investor

@KATHIMORGAN is her user name for help

REACH HER ON TELEGRAM.

What do you think about. Can you be a bit more specific?

Yes, if for instance you have 100.000 and are willing to risk 1% of your capital per trade, then that is 1% of 100.000 = 1000 USD in risk. If you have a stock costing $100 and have a SL at 90 ($10 risk pr. stock), then the number of stocks is: $1000 (the max risk)/ 10 (risk per stock) = 100 shares. The total price is then 100 shares * $100 = $10.000 in total purchase

@@BuildingFreedom I’ve struggled with this for months and I understand it now for the first time as in I see it and understand the why’s. Thank you so much, my grasping this is so central to my trading learning journey

@@quincybaker4615 I'm pleased to be of help. I used to be a school teacher before I became a full time investor and trader and I still love the teaching part 🙂 You are always welcome with questions

@@BuildingFreedom Your passion shows! Thank you 🙏

@@BuildingFreedom In this clip, the gentleman discusses how to grow $300 into $1000 he states over a 6 hour duration. He is trading Nas100 which at the time of recording (and coincidentally right now) was trading at a little over $13,000. Because the price per share is this high, considering the points you have helped me to understand about position sizing, am I right I’m assuming he must have been leveraging margin to take a $300 position on a $13k per share asset? Or could he have calculated the lot size he needed to trade a fractional share size that falls within his $300? To be this exact with a small account you must learn how to calculate the correct lot size to make such a trade possible no? Clip: kzfaq.info/get/bejne/eMWTea2Zr7yyqWQ.html

@KATHIMORGAN is her user name for help

Hahaha. What do you mean? No speedway biking for me no 😀

Ahh, I get it the speedway thing now. That is ancient history, but still not me.

Hi, then you should listen to it again. You are not risking the entire amount. There is a Stop loss and that is all you risk. If I buy a share for $100 with a SL at $90 then I risk $10 and not $100.

@@BuildingFreedom Ok, I think it makes a little more sense, but still really confusing in a way. I still don't understand how you can buy more shares than you can afford, that's the part that doesn't make sense to me

@@MDC885 Normally you won't buy more than you can afford, but of course it's possible with leverage. But if you have 100.000 in the account and want to risk 1% per trade, that is 1.000. Then you have a stock that costs 100 and you have a stop-loss at 90. That is a $10 risk per share. If you max are willing to risk $1000 then you divide 1000 by 10 (the risk) = 100 shares. 100 shares x $100 = $10.000 (out of the $100.000). So your shares are worth $10.000 and your stop-loss is 10% away. If the SL is hit that is 10% of $10.000 = $1.000 (which is 1% of the $100.000). Makes sense?

@@BuildingFreedom It doesn't?? Going by your example in the video. If the share price is 221.32, then that's the cost of 1 share of that stock, right? If you're only allocating $1,000 total to buy, then how can you buy more than 4.5 shares? Especially 65 shares which is $14k+ Why does the stop loss matter for the amount you're buying? I don't get that part?

@@MDC885 Let's use round numbers. 1% of 100.000 i $1000. that is my risk, not the $100.000. The stop loss defines your risk per share. So if you SL i $10 away you are risking $10 per share. If your max risk can be $1000 per trade then you say 1000(max risk)/10(risk per share) = 100 shares. Then you buy shares worth $10.000. But you are not risking $10.000 you are only risking $1000

Well, it is called stock trading, and you do say "invest in stocks". So I think "stock" is well enough. But instead of finding language errors, perhaps just enjoy the content? ;-)