My own Rules Flashcards
the absolute rules, no matter what
1
Q
Limit for a day to stop trading
A
My absolute limit for a day to stop trading is a 1% loss.
If reached, I immediately halt trading for this session. No matter what.
Go walking, drinking, etc - whatever, but not trading
2
Q
May I hope that I can avoid the day when 1% loss is reached?
A
No, it’s unavoidable.
I should understand, remember and begin every new day with an assumption that I can make mistakes and the limit is reached.
With this in mind I should be ready to halt trading immediately for this session.
