I only take: One trade per week One trade per month One trade per quarter Max 3 trades on at any one time.
How this works. I use the same Lot size per time frame traded. I scan over 20 instruments. I look for one set up per time frame. If stopped out for win/loss or break even, I will wait for new week, month or quarter. This is to control emotion & losses.
Break down Daily chart = One trade per week - 52 trades per year max. Weekly chart = One trade per month - 12 trades per year max. Monthly chat = One trade per quarter (every 3 months) - 4 trades per year max. Total 68 trades per year max.
I will scan my instruments for best supply & demand setup with a min of 1 to 3 risk/reward ratio.