🚧 One more step beyond position sizing: DAILY loss limit.
Concept:
1️⃣ Per-trade risk: 1% (the classic)
2️⃣ Daily stop: e.g. 3R — three trades or three losses, whichever comes first
3️⃣ Hit the limit = close the screen, start again tomorrow
Why? Because on bad days, your brain’s performance drops — you get tilted. Today: ~$244M in liquidations over 24h. The market gives you chances to make mistakes, but compounded mistakes eat your account.
Write one line in your journal: "today’s max loss = X". This line won’t make you a profit — it keeps your account alive. Survival is the edge not everyone accepts. 🧱
$BTC
#RiskManagement #TradingDiscipline #Crypto
Concept:
1️⃣ Per-trade risk: 1% (the classic)
2️⃣ Daily stop: e.g. 3R — three trades or three losses, whichever comes first
3️⃣ Hit the limit = close the screen, start again tomorrow
Why? Because on bad days, your brain’s performance drops — you get tilted. Today: ~$244M in liquidations over 24h. The market gives you chances to make mistakes, but compounded mistakes eat your account.
Write one line in your journal: "today’s max loss = X". This line won’t make you a profit — it keeps your account alive. Survival is the edge not everyone accepts. 🧱
$BTC
#RiskManagement #TradingDiscipline #Crypto