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Do you use Daily or Weekly Max Loss?

forex_trader_476239
Nov 19, 2017 zamanından beri üye
42 iletiler
Apr 25, 2021 at 05:34
Nov 19, 2017 zamanından beri üye
42 iletiler
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.
Dec 18, 2020 zamanından beri üye
28 iletiler
May 04, 2021 at 05:30
Dec 18, 2020 zamanından beri üye
28 iletiler
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 zamanından beri üye
1 iletiler
May 04, 2021 at 06:12
May 04, 2021 zamanından beri üye
1 iletiler
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?

forex_trader_476239
Nov 19, 2017 zamanından beri üye
42 iletiler
May 04, 2021 at 06:16
Nov 19, 2017 zamanından beri üye
42 iletiler
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
Feb 09, 2021 zamanından beri üye
4 iletiler
May 14, 2021 at 06:18
Feb 09, 2021 zamanından beri üye
4 iletiler
Swing trading has always fascinated me and I’m trying to understand the strategy first and then begin backtesting.
Mar 16, 2021 zamanından beri üye
447 iletiler
May 22, 2021 at 01:13
Mar 16, 2021 zamanından beri üye
447 iletiler
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.
Jul 04, 2020 zamanından beri üye
18 iletiler
Nov 12, 2021 at 11:51
Jul 04, 2020 zamanından beri üye
18 iletiler
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.
Jul 25, 2018 zamanından beri üye
5 iletiler
Nov 13, 2021 at 08:10
Jul 25, 2018 zamanından beri üye
5 iletiler
earn money is the first thing, how to count later
Mar 16, 2021 zamanından beri üye
447 iletiler
Nov 14, 2021 at 13:41
Mar 16, 2021 zamanından beri üye
447 iletiler
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.
Nov 03, 2021 zamanından beri üye
53 iletiler
Nov 17, 2021 at 05:16
Nov 03, 2021 zamanından beri üye
53 iletiler
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.
Apr 09, 2019 zamanından beri üye
516 iletiler
Nov 19, 2021 at 10:58
Apr 09, 2019 zamanından beri üye
516 iletiler
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.
Mar 16, 2021 zamanından beri üye
447 iletiler
Nov 22, 2021 at 01:24
Mar 16, 2021 zamanından beri üye
447 iletiler
Great, it's a great plan. I target 2% per month. Although not targeted in any month. Never worry, keep planning with patience.
Nov 02, 2021 zamanından beri üye
73 iletiler
Nov 23, 2021 at 05:04
Nov 02, 2021 zamanından beri üye
73 iletiler
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.
Mar 16, 2021 zamanından beri üye
447 iletiler
Nov 24, 2021 at 15:59
Mar 16, 2021 zamanından beri üye
447 iletiler
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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