when do you stop and reevaluate the plan?

NexusFi · 2012-03-21T17:56:35-04:00

My ruleset indicates ONE trade per day. Maximum stoploss is 750 to 1'000 EUR per car. If the stoploss is triggered - no more trade. If the stoploss is not triggered - no more trade. So the next day I begin at zero again. No overtrading or revenge trading is possible. If I would trade more than one trade per day - my rule would be a fixed amount of minus per day - a percentage of the investment to be found out of my recent performance to get me safe out on a bad trading day. Think about it - that makes sense! GFIs1 PS: …

Discussion in Psychology and Money Management

Updated March 21, 2012

when do you stop and reevaluate the plan?

March 21st, 2012, 05:56 PM	#11 (permalink)
JuneBug Clearwater, Florida USA Posts: 18 since Mar 2012 Thanks Given: 0 Thanks Received: 5	What I have learned: After all is said and done, if you find you had a losing day, really look closely to see if you followed your trading rules. If so, you may want to demo trade the next few days to verify and tighten-up your plan/rules and the success of it. The fear and greed of trading can be a big issue for messing up the head and staying with your plan.