DislikedIt depends...absoluete cut out is 5%...which i might hit today on Euro...i am trying to fight that...paying for mistake not reading news clearly...
chief recomends 10% ...but anything beyound 3X daily profit is u r calling for unrecoverable loss...
i will borrow what Dongsky wrote in his journal...
remember, when you are right and winning... don't put that into your head
and when you are wrong and loosing... don't put that into your heart...
VIgnored
It happened to me before.. 10% is a lot of pain to take for me... n if I go for 1%, chances are, I have to cut early and market may turn after that to offer rescue opportunities. I guess I still have to work out that figure for myself, but it's great hearing from experienced traders like yourself.
Hopefully cuthbert will be able to share his views.
P.S. so far, I never turn on wind... I am still not confident of doing that.
Regards