It really depends on what you've calculated your probability of being in profit to be. If I have a 90% chance of having a profitable trade with a positive edge over all market conditions I would likely risk 5% and just rake it in. Others would probably do more than that if there really was a trade with such a probability and a positive edge but I get pretty uncomfortable with anything higher than that. There is always the unknown, and we can never assume that markets will stay the same.
Typically, I will shoot for the 1-3% range. Again, basing this off of the size of the edge and the probability of being right.
Typically, I will shoot for the 1-3% range. Again, basing this off of the size of the edge and the probability of being right.