How to Ride Out 20 Losing Trades in a Row

Kirk: To be able to ride out potentially 20 losing trades in a row, you're going to need some really good risk management in place. He says his rule of thumb is 1% to 5%. That means if you got a $10,000 account, 5% would be 500 bucks for that trade. Kirk: If you can't afford to lose on 20 little positions and still have money left over, you need to save more money or make your trade size even smaller.