Trading small capital with Nojai? Here are tips on risk management for you
Martingale strategy does not blow your account, it is the insufficiency to continue trading that does
Trading small capital with Nojai? Here are tips on risk management for you
- Use martingale steps: 1, 1, 2, 4, 8, 16, 32
- Use N500 or N700 for 70,000 and 100,000 deposit respectively
A simple calculation for a N70k deposit 🧮
500 + 500 + 1000 + 2000 + 4000 + 8000 + 16000 + 32000 =64,000
So far the Maximum Consecutive losses are (5) Five
Therefore, 130 wins in a month with 500 naira base amount on martingale and 83% payout per trade will give you 53k profit that’s 75%
For a 100k deposit
N700 as base amount can take up to 7 martingale steps
Calculation 🧮
700+700+1,400+2,800+5,600+11,200+22,400+44,800 =89,600
Estimated Monthly profit = 75k (75%)
Martingale strategy does not blow your account, it is the insufficiency to continue trading that does
