How many trades is reasonable to have open as long as I trade only 3% of my account on each trade? I see many opportunities but am not sure what is reasonable especially with the expectation that the markets are going to retrace within the near future.

How many trades is reasonable to have open as long as I trade only 3% of my account on each trade? I see many opportunities but am not sure what is reasonable especially with the expectation that the markets are going to retrace within the near future.

Really, the number of trades you have open is a matter of personal comfort. For us, 5 at a time is ok, rarely more.
For our most successful students, when the markets are ripe for picking, they might go to 20 at a time, but, trade management is key.  You must be able to handle and manage well all open positions and untriggered orders.  Do not trade more positions than you are comfortable with.
Now, what we mean by "ripe" is when you see a whole bunch of beauties, no news ahead, persistent OVI, Big Money Footprints, and you really can't choose between them.

This will happen a few times a year, and it's during these times when triple digit returns can happen and actually do for some of our students, even without leverage.
Just cherry-pick your favourites and monitor the others in a watchlist.

It doesn't matter what you 'think' will happen, just trade what you see.


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