Trader Interview - Prop Trading
Length of Process
I manage risk by understanding my current position/view. From there I look at the current market regime to determine if I have a position that I am comfortable with. Do I have too much risk on? How much conviction do I have on the trade?
Next I follow the news to make sure I have the most up to date information. What are the upcoming events that are going to affect my position. What are the likely scenarios. What is my stop loss level where I am wrong?
Never risk more than 1% capital on any single trade.
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