I would suggest starting with 1% risk and as you get more confident, feel free to up that to 1.5% and then 2%.
Yes, you can absolutely make a killing trading. But for that, you will have to either start with a nice chunk of capital or keep at it for a long time. I’d suggest the following:
1. Start with a small account even if you have a lot of money. I’d say $1000 and prove to yourself that your strategy works live. This will also give you the confidence in the face of adversity.
2. If you don’t have more capital to add on to the $1K, go out, get another job and save up money. I’d say 20-30K would be a good start.
3. Never forget that anything can happen at any time. So, you should never ever risk too much no matter how sure a trade looks.
You’ll be well on your way to buying that Rolls Royce.