Daily loss limits This tip made a big difference in my own trading. In the early days, I often had a few good days or weeks and then wiped out all my previous profits in just session and sometimes even with just one trade. Does that ring a bell for you? Nowadays, I have a daily loss limit and when I am down 2R, which means having 2 consecutive losses, I am done. No matter what. In the beginning, it was extremely hard to follow this rule and I was often tempted to go for that third trade when I saw a potential entry, and I often did. Today, when I am down two trades, I immediately shut down my platform. I don’t look ... (full story)