Fixed % is more complicated than fixed dollar... to say the least.
However, it is none-the-less superior in most instances.
Use the logic above while using fixed % risk, since if you use fixed dollar logic but use fixed % in practice you will underperform your theoretical results.
If there are any major flaws in our logic/approach please let us know in the comments as of course, we are looking to provide as accurate instructional writeups as possible!
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May Belle