Percentage to Break Even
- A stoploss should be considered & decided before a position is entered.
- A stoploss should be placed immediately at the time of entry.
- A stoploss should not allow more than 2 % loss of your account balance.
- Only risk 1 % of your total trading capital on any one trade - when you loose 2 % on that get out of that trade.
- For the day trades a stoploss should not allow more than 1 % loss of your account balance.