RISK FIRST, PROFIT SECOND: How to Never Blow Your NGX Account

RISK FIRST, PROFIT SECOND: How to Never Blow Your NGX Account Everyone asks "What stock should I buy to make 100%?" Pros ask "How much will I lose if I am wrong?" That difference is why 90% lose. The 1% Rule That Saves You: Never risk more than 2% of your total capital on one trade. If you have ₦500k: 2% = ₦10k max loss per trade. So if you buy a stock at ₦10 and your stop-loss is ₦9 (10% drop), you can only buy ₦100k worth (₦10k / 10% = ₦100k position). If you have ₦100k total? 2% =... Read more

RISK FIRST, PROFIT SECOND: How to Never Blow Your NGX Account












RISK FIRST, PROFIT SECOND: How to Never Blow Your NGX Account

Everyone asks "What stock should I buy to make 100%?"
Pros ask "How much will I lose if I am wrong?"

That difference is why 90% lose.

The 1% Rule That Saves You:

Never risk more than 2% of your total capital on one trade.

If you have ₦500k:
2% = ₦10k max loss per trade.

So if you buy a stock at ₦10 and your stop-loss is ₦9 (10% drop), you can only buy ₦100k worth (₦10k / 10% = ₦100k position).

If you have ₦100k total? 2% =...

Read more

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