How do you know when you should just stop for today?
How do you know when it's time to stop trading? =)
- Thread starter Albert A. Sanchez
- Start date
Last edited:
rmorse
Sponsor
When you can't find an edge.
The fact that you're asking this question tells us that you shouldn't be trading at all. : )
But don't overlook the smiley after his question... ;-)
You should dig that out from extensive back testing, divide up the day every fifteen minutes and find out on average you can make, then you can stop when there is a drop off, for me it is 60 minutes in ES, but I add extra fifteen minutes for a variance when not having a good day and possible get back to even.
When you need to ask.
Typically you know that you are shot when you start trading for the sake of trading...Chasing the market higher or lower is another bad sign...
when u lose all yer money