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A little bit about money management:
The fact is that I noticed a few negative reviews on my #VC account. And in a review people angrily write that they lost their deposit by copying my trade. At first, I wondered how my drawdown barely rises above 7%, and people lose their deposit! After thinking about this topic, I realized that many people neglect money management and trade with me they put excessive copying ratios.
I identified two reasons for this:
1. People know what they are doing and intend to overestimate the copy factor.
2. People cannot calculate this coefficient correctly, because they do not know how to do it correctly.
I consider it important to give my comments on this. Well, if you intentionally overestimate the coefficient, that is your right, but then, please do not consider me guilty of your losses.
For all others, please follow the following procedure for determining the copy ratio:
YOUR account balance in USD (for example, $ 3200)
————————————————————————————— MY account balance in USD (for example $ 2,600) = YOUR_COEFFICIENT (for example 1.2308)
The use of other methods to determine this value may lead to the loss of your deposit, or to an underestimated return on investment.
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