Horrrrong
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[#Futures Rule Number 7]
Own your mistakes and cut losses fast.
If the market proves your thesis wrong, don’t stubbornly hold on—accept you’re wrong and exit.
A disciplined stop-loss saves capital and keeps you in the game for the next opportunity.
I usually set SL on where there was a huge liquidity sweep, or 5-10% of the entire seed.
Own your mistakes and cut losses fast.
If the market proves your thesis wrong, don’t stubbornly hold on—accept you’re wrong and exit.
A disciplined stop-loss saves capital and keeps you in the game for the next opportunity.
I usually set SL on where there was a huge liquidity sweep, or 5-10% of the entire seed.
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