How Much Money Do You Need When Starting to Trend Follow & Trend Trade

Trading must be thought of a game. You need to play the game without ‎emotions such as fear and greed.‎

Let’s begin by determining how much of your savings should remain in ‎your savings account. It’s important to keep at least six months of living ‎expenses in a readily accessible savings account, so set that money ‎aside, and don’t trade it! You should never trade money that you may ‎need immediately or for daily living expenses. Do not borrow money ‎from your parents or in laws (Even though David Einhorn did and now ‎is managing Billions of dollars).

I have a simple rule. You do not want to risk more than 1% of your account on any trade. This way you get 100 bites out of the apple per say. If you risk more than 1% your risk of ruin increases when trend following.

You can learn these money management risk tools on my one on one mentoring. I go through a conveyor belt of risk management before I put on any trade. I invite you to be one of my students on Trend following mentor.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts, commodity options or forex can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.‎

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