1 ] Our soul always looks for the truth and wherever it finds the truth, it resonates. When something feels right in your heart just listen to that, and go with that.
I’ve written a few articles on the topic of money management and the main idea I try to convey is that it’s arbitrary for someone to trade a percentage of their account. There are many factors affecting how any one trader should manage his or her money in the market; net worth, personal trading skill and confidence, risk tolerance, etc., the point is that every trader is different and has different circumstances that dictate the best way for them to manage their money.
Due to these varying circumstances between traders, it simply makes no sense to recommend (as many ‘experts’ do) that traders risk 2% or some other percentage of their account. My approach to money management is a much more personal one as I believe each trader’s money management plan should vary depending on their individual circumstances...
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