New Traders Daily Limits?

Discussion in 'Trading' started by Boomer, Jan 29, 2008.

  1. Boomer


    What are your opinions on a new trader shutting down trading after a certain $ loss or $ gain for the day?
  2. Max loss limit for sure. When trading is going well why would you stop?
  3. don't stop trading until you hit your max stop loss for the day or until the bell signals the close.

    I get discouraged when I am about to hit my max loss for the day but I just keep trading and tend to bounce back. Its all about sticking to the trade plan.

    Set your limits and stick to them...