Yes, and I risk about 4% per trade. I cut myself off at 3 down trades in a row, though I seriously consider cutting it off at 2 in a row. So in total the max draw down I'll stomach is 12% a day.
That number adjusts though as I've been increasing my trade sizing and account value.
2 comments:
Are you seriously up 12% in two days? What's your acceptable percentage drawdown per day?
Yes, and I risk about 4% per trade. I cut myself off at 3 down trades in a row, though I seriously consider cutting it off at 2 in a row. So in total the max draw down I'll stomach is 12% a day.
That number adjusts though as I've been increasing my trade sizing and account value.
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