loss limit

Discipline – how not to enter the limit

I have already described the system of double limits for the day, she very hard teaches not to go beyond the second limit and stop on time. This is a very good technique at first., but when you have been trading for a long time and follow all the rules, skipping a day during the reporting season is not very beneficial for your wallet. Therefore, I came up with an alternative : You also have a day 2 limit First conditional, if you enter for it, then you no longer trade today. If you enter for the second, then the next day you reduce your average position and the daily limit DOUBLE, and so every day if you go beyond it. If a day with a reduced limit closed in a normal plus, you return it to the original one again It seems that everything is simple, can you have some additions ???

Notes 23 September

I remember writing in November 2009 of the year : I have a choice now, continue to drain money and spit on everything or return to disciplined trading and stay in this business. /vremya-zhestkix-mer-chast-2 / I would not like to return to such times, so you need to work harder and better fulfill your ideas: I started thinking about money again, not about smart deals. (You can not earn by focusing on the desired amount ) Stop opening trades once and for all in the first hour The best trades were for the continuation of the trend, not to turn it around. (You can catch a reversal of the stock, but it is very difficult and becoming unprofitable lately )

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