Disliked{quote} I understand your reasoning but the logic doesn't make sense to me. You may lose two trades which have a 10 pip stop or lose 4 trades with 5 pip stops you have still lost the same amount but you have made twice as many trades with a better risk reward and maybe with bettier set ups. So instead of saying to yourself you will only trade until you lose twice why not set a 20 pip limit instead, this may also discipline you into finding lower risk setups. Regards Schoe.Ignored
For me, it's Psychology - once you lose, you get desperate to make it back so you start taking 'okay signals' and end up losing more.