I have an additional comment as follows
Most retail traders do not know when to stop trading. Your comment suggests that if you have'
sustained a loss at the end of the first couple of hours, you should continue, hoping to offset
your loss later in the day. The problem with that reasoning is this.....What if instead of offsetting your losses, you make it worse, by losing more. This is fairly common among unsuccessful retail
traders. In contrast, if a professional takes multiple losses early in a session, it can be a
signal that they are "off" or out of tune with the market and that they should stand aside and
re-assess (until they find out where in their decision making, they have gone wrong). The more constructive way of looking at this is to understand that stopping trading for one day is better then blowing out an account by continuing to trade when your approach isn't working.
Most retail traders do not know when to stop trading. Your comment suggests that if you have'
sustained a loss at the end of the first couple of hours, you should continue, hoping to offset
your loss later in the day. The problem with that reasoning is this.....What if instead of offsetting your losses, you make it worse, by losing more. This is fairly common among unsuccessful retail
traders. In contrast, if a professional takes multiple losses early in a session, it can be a
signal that they are "off" or out of tune with the market and that they should stand aside and
re-assess (until they find out where in their decision making, they have gone wrong). The more constructive way of looking at this is to understand that stopping trading for one day is better then blowing out an account by continuing to trade when your approach isn't working.