Registered: Mar 2009
01-15-10 11:58 PM
Losing 28% of your account on one trade due to poor discipline is shit trading.
That 28% loss was over 60% of last years profits.
It would be a bit different if it was due to an event outside your control.
Can you not work out of a prop firm where a risk manager can monitor your daily P/L or something like that?
I have never worked at a firm, but i met someone recently who does, they told me if they are down a certain amount during the day they get a phone call and are told to stop trading and go home for the rest of the day.