Hello you wonderful and amazing people that make up these forums. I sincerely hope your day is going well.
I kindly wondered i know the rule is for traders to limit their trades to a maximum of 2% of their account balance. However it got me wondering how many traders become very successful such as millionaires. Do they go against this and once a strategy is working start risking higher amounts please? Further do they use automation to scale things up and hire staff to help them conduct trades please? As for instance if i have an account balance of $10,000 i will only really be risking about $200 per trade so will take a long time to scale things up. If anyone kindly had any thoughts on this i would be forever grateful and very thankful.
Sending you lots of good wishes and i wish you lots of good luck on your trading and investing journey. All the best.