DAY 7

LOSS MANAGEMENT STRATEGY TO AVOID BLOWING (FUTURES TRADERS) YOUR ACCOUNT:
I beg you, sometimes, learn how to cut your losses & move on.
You should have a set amount you're allowed to lose on each trade.
I trade with 2 futures account—
The first with capital starting from $10k. I won't talk about this one.
The second with $1k capital— on this account, I use only $20 margin on each trade and I risk losing only 50% of that margin.
Although I apply a different strategy on my big trading account.
I ALSO gave example yesterday using $100 capital.
Theseame rules apply even if you are using $10 capital.
Keep your loss under control, I beg you, stoploss is not enough, I might give stoploss and it will be bigger than your stipulated loss capacity per trade, you are not meant to blindly take such trade, it doesn't suit your capital, but if you must take it, then close it hence it hit your exit loss target per trade and wait for next signal.
Not all signals fit into your risk threshold.
Some signal after calculating what you could lose if the trade goes in the opposite direction, find out is above your loss threshold per trade, DO NOT TAKE IT.