No, it should be the other way around. You should stop trading for that day if you've lost more than 1% of your capital. If you've made 2% for the day, you stop trading for that day if you gave back 1%. Cheers!!
Oh... it's not about how many push-ups I can do??? I'm more shifting to Futures now because LVL2 is just becoming a distraction. Still, about average 9 cents per share with MSFT.
"You should stop trading for that day if you've lost more than 1% of your capital. If you've made 2% for the day, you stop trading for that day if you gave back 1%." I am trying really hard to manage my risk better I am using boxes on graph paper to visually help me see my gains vs losses the idea I had to stop trading for a few minutes hours or even day if I lose 1/3 - 1/2 boxes down of my prior up winning streak makes sense to me but your way also is logical and makes sense in $ terms thanks for the post
Seth, I say it, but do I respect it??? !!! ???? Most of the time... noooo!!!??!!! I'm still trying to tame the deamon in me, it took a vacation for the last month, and just came back last Friday.