Do any of you use a daily or weekly max loss or combination of both?
short-term swing : Maybe something like this? Weekly loss limit 2% Daily risk Limit 0.50% with placing 4 trades a week.
Just curious to see if others practice weekly or daily loss limits and what are your limits.
short-term swing : Maybe something like this? Weekly loss limit 2% Daily risk Limit 0.50% with placing 4 trades a week.
Just curious to see if others practice weekly or daily loss limits and what are your limits.
"Formal education will make you a living, self education will make you a fortune"
What's the benefits of using this?
May 04 2021 at 05:30
For me, the money I have has been earned hard. I can’t let it go off so easily. This is the reason why I never risk more than 1% of my capital ever.
May 04 2021 at 06:12
triticieek posted:Why is it difficult for me to strictly abide by these rules when doing trading?
For me, the money I have has been earned hard. I can’t let it go off so easily. This is the reason why I never risk more than 1% of my capital ever.
triticieek posted:
For me, the money I have has been earned hard. I can’t let it go off so easily. This is the reason why I never risk more than 1% of my capital ever.
Totally agree and I know what you mean. Thank you for your reply
"Formal education will make you a living, self education will make you a fortune"
May 14 2021 at 06:18
Swing trading has always fascinated me and I’m trying to understand the strategy first and then begin backtesting.
May 22 2021 at 01:13
I don't think I can risk more than 2% per week or month. I try to trade it with money management. And I use a 1: 2 risk ratio in every trade.
I got used to plan my statistics on loss/wins on a month. So, I set a particular max loss per month and try to comply my plan. Of course, sometimes there are situations when I can't comply with my max loss plan, because for a half of the month I lose more than I planned. I try to do everything in order not to let such situations to appear, because they can easily break me down because of such emotional pressure. It's sad when you see that you exceed you plan just for a half of the month. Nevertheless, I believe that it's a great idea for elaborating discipline.
earn money is the first thing, how to count later
Nov 14 2021 at 13:41
jsrfund posted:Yes, our main goal is to make money, but to achieve that we need to build knowledge. Money making skills cannot be developed without knowledge and discipline.
earn money is the first thing, how to count later
For me, it’s about the risk percentage on every trade. I don’t prefer to take numerous trades and my standard risk percentage is 1.5%, although I adjust it before every trade where I think I should risk more or less.
I use daily, as for me this option is more working
More than 3 back to back losses I walk away. I risk 1% per trade.
If you can't spot the liquidity then you are the liquidity.
Nov 22 2021 at 01:24
Great, it's a great plan. I target 2% per month. Although not targeted in any month. Never worry, keep planning with patience.
For me, Forex is a challenge. It's a game of strategy and discipline. I always use Daily max loss levels for all my trades because it gives me the opportunity to learn every day. By using Daily max loss, I have an opportunity to give back some of my losing trades and win more.
I try to monitor the results every day. This is much more reliable to me.
Nov 24 2021 at 15:59
I calculate monthly how much I have earned and how much I have lost. And in order to recover the loss, we work with patience by controlling the emotions.
Please login to comment .
