Trader Guardian Angel | Trading Reviews and Vendors - futures trading strategies, market news, trading charts and platforms

Trading Reviews and Vendors

Discuss and review vendors of commercial trading products, trading rooms and services, trading indicators or third-party paid add-ons


Trader Guardian Angel

  #5 (permalink)

PTA, Gauteng
Trading Experience: Advanced
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
DarkPoolTrading's Avatar
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,312 received

nemeis45 View Post
i want to use a tool to do the same thing.
stop trading after x amount of losses.
any idea what can achieve this.

In my opinion if you don't have the self discipline to stop trading by yourself, and instead need a tool to stop for you then you are a gambler and not a trader, and will never make it as a trader. Honestly, how can anyone think they will make it as a trader if they don't have the self control to stop by themselves after X losses.

If the tool stops you trading after X losses what is stopping you from:
- Switching off the tool and placing more trades
- Opening up another trading platform and placing more trades
- Opening up your brokers web interface and placing more trades
- Placing more trades with another broker
- etc..

There is no such thing as a successful trader who doesn't have self discipline in my opinion.

Diversification is the only free lunch
Reply With Quote
Page generated 2019-04-25 in 0.07 seconds with 11 queries on phoenix