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I agree with the 2% rule, but only when I'm doing very, very tight swing trades (3 to 9 days). If you're more of a position trader, then yeah, that has to be loosened up a bit. Perhaps 3% to 5%. But any more than that, even while you're position trading, and you risk position sizing allotment risks (Basically, you end up spinning your wheels, and never moving forward from variations in percentage alloted).
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