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Do you use Daily or Weekly Max Loss?

Mike (kc8yty)
Apr 25 2021 at 05:34
39 posts
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.

"Formal education will make you a living, self education will make you a fortune"
Witcher (vitcher)
Apr 25 2021 at 08:14
6 posts
What's the benefits of using this?
triticieek
May 04 2021 at 05:30
35 posts
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.
juntingchen
May 04 2021 at 06:12
1 posts
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.
Why is it difficult for me to strictly abide by these rules when doing trading?
Mike (kc8yty)
May 04 2021 at 06:16
39 posts
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"
marjorieanderson
May 14 2021 at 06:18
4 posts
Swing trading has always fascinated me and I’m trying to understand the strategy first and then begin backtesting.
LukeRachel
May 22 2021 at 01:13
477 posts
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.
Shiber
Nov 12 2021 at 11:51
17 posts
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.
jsrfund
Nov 13 2021 at 08:10
5 posts
earn money is the first thing, how to count later
LukeRachel
Nov 14 2021 at 13:41
477 posts
jsrfund posted:
earn money is the first thing, how to count later
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.
pipham
Nov 17 2021 at 05:16
53 posts
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.
GraceGilm
Nov 18 2021 at 15:32
154 posts
I use daily, as for me this option is more working
Seb King (sebking1986)
Nov 19 2021 at 10:58
399 posts
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.
LukeRachel
Nov 22 2021 at 01:24
477 posts
Great, it's a great plan. I target 2% per month. Although not targeted in any month. Never worry, keep planning with patience.
shortant
Nov 23 2021 at 05:04
73 posts
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.
skihav
Nov 23 2021 at 14:10
801 posts
I try to monitor the results every day. This is much more reliable to me.
LukeRachel
Nov 24 2021 at 15:59
477 posts
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.
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