Here is the link.
Money management - how to protect stop for every trade? How to protect stop for every day, month or every year?
Do not put a risk more than 2% of any given trade? 5% of any day? Keep those numbers smaller, the better.
10% for a month
20% for quarter
30% for a year
If you have those losses, then you are done.
Worst of the day.
Have a percentage stop for each:
Trade, Day, Week, Month, Quarter, Year
Preserving money - trading account.
Consistent wrong - problems
Make more careful when you take a trade. Psychology benefits - more selective, stop overtrading ......
more conservation, take a few better trades, believe that you will be happier.
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