Money Management for Trading Advise video
Here is a short video for you:
Money Management is the only type of Risk Management. You can only control your exposure to risk, not the risk itself. Basic Rules: 0.5% per trade – Conservative money management. 1% per trade – Standard money management. 2% per trade – Most aggressive money management. 3% per trade – You will almost surely blow up your account. Recommendations: Risk 1% of capital per trade. MAX Drawdown of 6% for any specific trading strategy.
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!