Mohamed Omar

OK no worries , thank you and have a good trading week.

Hi Robert, I hope you are doing well. So I changed my daily goals and max loss like you said, for December it was really good, I ended up being profitable for the month for the first time in a 13 month But for the month of January I really didn't perform well. I know that the market was very choppy, but still I shouldn't be performing that bad, I was wondering If I can send you my Journal, and if you can take a look at it and tell me if there is anything I need to change or adjust, especially when the market is choppy. If you can help me , please send e your email. Thank you and have a good trading day

@Bibonow, @Skye, @nmarnson Hi guys, I hope everyone is doing good Like we discussed on my other post, I will start to post my Journal here with my Chart in order to get some advice. if you guys want me to add anything else on my Journal let me know. Thank you.

Hi BBT, I will start to post my journal and trades here , I'm not a profitable trader yet, still trying to survive the learning curve. So I'm open to all of your advice Account size 4400$ Daily goal : 2% = 88$ Daily Max Loss : 2 % = 88$ Risk per trade : 1% = 44$ Thank you.

Perfect thanks for the advice

I usually risk the same amount, if the stock go to my favor but still strugguling, I change my stop loss to risk less, and if it goes to 1:1 I take partial (0.33% of my position) and I move my stop to b-e. what do you think ?

Ok thanks, Should I always risk the same amount of money on each trade ?

Hi Robert, Thanks for your response. So should I risk less than 1% on my trade (0.5%) ? with a daily goal : 1-2 % Daily max loss : 2% ? I just wanna make sur that these numbers make sense , just to focus on improving my trading , because with my 1% daily goal and 3 % daily max loss I was never profitable, even with a 70% win rate. Thanks

Sorry I'm not sure if I get it , 1% daily loss so if I risk 1 % per trade if I lose on 1 trade I stop for the day ? what will be my daily profit ? Thanks

Hey Rom, Thanks for your response. Yes I feel that 5% is too much, because I risk 1% to make 2% so I need 2-3 perfect trades to make 5%, so that makes me trade when I souldn't since I don't trade after 11:30 am. So I feel rushed. But again if my dialy goal is only 1% and max loss is 3%, let's say there is 20 trading days in a month : 14 win days : 14% 6 Loss days : 18% So I will be negative for the month, even at 16 winning days I will almost break even. Any sugestions? OK I will start make a list to :) Thank you

Hi BBT, I have a problem with my daily goal and my daily max loss, I'm not able to find a way to make this work. They used to be : Account 5000$ Daily goal : 1% (50$) Daily Max loss : 3% (150$) Risk per trade : 1% (50$) And It wasn't working because if I had 4-6 max loss in the month I would be Red for the month. This is what i'm doing now : Account 5000$ Daily goal : 5% (250$) Daily Max loss : 3% (150$) Risk per trade : 1% (50$) But the problem is when I'm green but not at 5%, I continue to trade (over-trade) and lose all the money I made. What should I do ? Should I stop at 2% profit ? 3%? And how do you guys know when to stop trading for the day? (I always stop when I hit my daily max loss). Thank you