Do you use Daily or Weekly Max Loss?
Apr 25, 2021 at 05:34
Vistas 853
13 Replies
Apr 25, 2021 at 05:34
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"
Miembro desde Dec 18, 2020
posts 35
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.
Miembro desde May 04, 2021
posts 1
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.
May 04, 2021 at 06:16
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"
Miembro desde Feb 09, 2021
posts 4
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.
Miembro desde Mar 16, 2021
posts 477
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.
Nov 12, 2021 at 11:51
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.
Miembro desde Mar 16, 2021
posts 477
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
Miembro desde Apr 09, 2019
posts 538
Nov 19, 2021 at 10:58
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.
Miembro desde Mar 16, 2021
posts 477
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.
Nov 23, 2021 at 05:04
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.
Miembro desde Mar 16, 2021
posts 477
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.
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