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Do you use Daily or Weekly Max Loss?
Apr 25, 2021 at 05:34
Mitglied seit Nov 19, 2017
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.
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"
Mitglied seit Dec 18, 2020
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Mitglied seit May 04, 2021
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May 04, 2021 at 06:12
Mitglied seit May 04, 2021
1 Posts
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.
May 04, 2021 at 06:16
Mitglied seit Nov 19, 2017
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"
Mitglied seit Feb 09, 2021
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Mitglied seit Mar 16, 2021
477 Posts
Nov 12, 2021 at 11:51
Mitglied seit Jul 04, 2020
18 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.
Mitglied seit Mar 16, 2021
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Mitglied seit Apr 09, 2019
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Mitglied seit Mar 16, 2021
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Nov 23, 2021 at 05:04
Mitglied seit Nov 02, 2021
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.
Mitglied seit Mar 16, 2021
477 Posts
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