This is terrible advice. How will you ever become a better trader if you place arbitrary limits on yourself. Some days I start -$800 gross in the first 20 mins and end up +600 for the day. Or even better I start up $400 on my first trade and then end the day up $1200. Managing your risk is one thing, but stopping after making or losing $400? You better be on the plus side 8 out of 10 days if you want to make even decent money trading.
+422 Nothing special. Glad to have a +. It's up to the systems for the rest of the day. I have low expectations due to the recent conditions. Unfortunately, skipping trades is worse than taking losses in the long run.
Kudos to all of you guys that are cool enough to acknowledge and post their loss, I think it keeps this thread more realistic.