All money is lost by a trader only during tilt.
For example, on November 25, I was in another country, and the internet there was just awful. It started to irritate me a lot. That irritation turned into a $650 loss — a huge amount, considering my deposit was only $250. In other words, I lost control over my actions.
Tilt protection is the foundation of my trading strategy. Here are some simple rules I’ve programmed for myself:
20% loss of deposit → trading is forbidden for 1 hour.
3 consecutive stops → trading is forbidden for 5 minutes. #tilt
For example, on November 25, I was in another country, and the internet there was just awful. It started to irritate me a lot. That irritation turned into a $650 loss — a huge amount, considering my deposit was only $250. In other words, I lost control over my actions.
Tilt protection is the foundation of my trading strategy. Here are some simple rules I’ve programmed for myself:
20% loss of deposit → trading is forbidden for 1 hour.
3 consecutive stops → trading is forbidden for 5 minutes. #tilt