i trade with 20% of my available capital, as explained earlier, with no more than three trades at any one time. i normally only ever have 2 on the go.
that means if i have $100k trading account, the first position will get $20k and the second position will get 20% of the remaining $80k available capital, or $16k, etc.
this means i can hold 40:1 leverage overnight without a margin call - similar to the current CFD 1:10 leverage conditions 90% of people are used to.
that should give some indication of the compounding effect of the 40:1 PLUS the 20% rule.
i still won't be giving away how much i trade with, or what i started with - because it should make no difference. i'm in it for the percentage return and it makes no difference if it's $1 or $1m on the trade - the % return is the same.
this removes a lot of emotion out of the trade because i have back my seed capital many, many, many, many, many times over already so i'm just playing with profit now.
have to remember this is all money i never had to begin with - it's all imaginary money based on other people's opinions of what a particular stock is worth until it's pulled out of a hole in the wall with a piece of plastic and a 4 digit code.