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Answer:
Well, that depends on your risk preferences! Personally, I'd risk at most 1% of my account at a time. That means that I would either risk 1% on a single trade or a cumulative 1% on a set of trades. If I had a thousand dollars in my account, then my 1% risk would amount to 10 dollars. I'd make sure to set my stops and position sizes based on this amount of risk that I can tolerate.
