Disliked{quote} Yup.. I know it too well.. when I have to loose it really breaks my heart LOL But it is easier to loose small than to loos big.. And small and big it really relative and different from one trader to another.. A trader once told me that it is not really a %, rather ask yourself what you spend everyday on average and that is going to be the risk you can willingly take without regret on a day's trading.4Ignored
But also we need to think WHY we opened a position. Then what has changed..... Is opening short the answer..... Why keep long. Or half lings.....In this E/U stinking situation I'm scaling up my position, knowing that nothing has changed, therefore the move down is fake RB action. Or whatever To have a target, clear head, trade journal, and opening small lots - that's the goal
Then you need something very important - Patience. Poster attached. Print and put on wall
Beware of robber banks (RB), bad advisors.