Do you use Daily or Weekly Max Loss?

Apr 25, 2021 at 05:34
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13 Replies
forex_trader_476239
會員從Nov 19, 2017開始   39帖子
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.

會員從Dec 18, 2020開始   35帖子
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.
會員從May 04, 2021開始   1帖子
May 04, 2021 at 06:12
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
會員從Nov 19, 2017開始   39帖子
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
會員從Feb 09, 2021開始   4帖子
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.
會員從Mar 16, 2021開始   477帖子
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.
會員從Jul 04, 2020開始   18帖子
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.
會員從Jul 25, 2018開始   5帖子
Nov 13, 2021 at 08:10
earn money is the first thing, how to count later
會員從Mar 16, 2021開始   477帖子
Nov 14, 2021 at 13:41
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.
會員從Nov 03, 2021開始   53帖子
Nov 17, 2021 at 05:16
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.
會員從Apr 09, 2019開始   538帖子
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.
會員從Mar 16, 2021開始   477帖子
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.
會員從Nov 02, 2021開始   73帖子
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.
會員從Mar 16, 2021開始   477帖子
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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