Better MM could be that devide your entire capital in 10 parts. So suppose it is 150,000 then 1/10 comes to 15000. Out of this 15000 use 1/3 or 5000 for initial trade....with 2 lots of 5000 each kept for adding if the market comes down. So 3 % on each initial and add positions with maximum of 9 to 10 % of the capital...
Just a thought...no idea what thread starter uses.
Smart_trade
So, we order one plate of idli, with 2 pieces, and divide them into 10?
No way!
One plate for you, 2 plates for me
You know my size
Also, loosing 10 % per trade, a trader would be down 30 % odd.
Highly unlikely he will take the redeeming 4th trade.