Focusing on P/L Instead of the Market

Growth needssomething to climb. When you ask a trader how they’re doing, the answer will almost always come back as a P&L number. “Yeah, fine, I’m net up this week.” The same goes for individual trades: “Going well so far, but check back in 30 minutes.” That’s normal. At the end of the day, the goal is financial reward — nobody questions […]

Stop Loss Discipline Why Traders Break Their Rules

Why Traders Move Their Stop Loss and How to Stay Disciplined A stop order is a basic tool traders use to protect their accounts and manage risk responsibly. Depending on the situation, they use “market,” “limit,” “trailing,” or other types. If for any reason you still do not place them every time you trade, perhaps you should understand the psychological mechanism behind […]

Daily Loss Limit
in Trading

What Is a Daily Loss Limit in Trading? You can have a profitable trading strategy and still blow up your account without proper risk management. A daily loss limit is one of the rules that can help prevent that. A daily loss limit is the maximum amount a trader is prepared to lose during a single trading session. Once that limit is reached, […]