Money Management Talk

Some general knowledge for everybody (it's not a secret actually)

It's about Money Management.
Base case : In a month, we've got about 20 trading day opportunity
As we go long the trading life, we found and realize that we're not soo good in doing 20 day straight without any losses (some people may have doing it..I don't know). So here where the Money Management come out and play it's role to make us in Profit.

For me, the minimum Money Management that i applied is always using MM of 1:1.5 and above (sometimes 1:2 or 1:3)

lets say my SL is 100 pips, so my TP is at least 150 pips (this is MM of 1:1.5)
if MM 1:2 - SL100;TP200
if MM 1:3 - SL100;TP300

let's see the overall trading life in 1 month by using MM (this is just an example)
Example 1-
Trading day : 20
number of losing days : 10
number of winning days : 10
MM 1: 1.5
soo losing day x 1 : winning day x 1.5 = 10 x 1 : 10 x 1.5 = 10 : 15
so you'll get +5 winning position
to BE, you need about 10/1.5 = 7 trade

Example 2 -
Trading day : 20
number of losing days : 10
number of winning days : 10
MM 1: 2
soo losing day x 1 : winning day x 2 = 10 x 1 : 10 x 2 = 10 : 20
so you'll get +10 winning position
to BE, you need about 10/2 = 5 trade

now you calculate yourself of MM 1:3
Next : I'll show you how to calculate lot per entry...i want to go swimming (rain had stop now)