Are you using DAS Risk Control Settings?

[Abiel 475]

Are you using DAS Risk Control Settings?

[MadsFromDenmark 10]

Nope, not here, i want to stick to my rules, and not let the (program) do it for me.. 
Need to get those feelings in, and practice myself to do it. 

Just like take a losing trade, or get out of a trade, if it doesn't do the way i want. 
I will learn, to hit the (stop) / get me out of the trade bottom. 

I know, i need to stop when i hit 3 losses trades.
I know, i have a max stop loss for the day for 250 $
I know, i only can lose 83$ pr trade. 

If i can't handle that, and learn to risk it, by myself, i will not (overcome) myself to keep my controls, i think i will fell ( The program, will stop me out) (The program will, do the job for me) And if it does it for me, i will not get the psychology felling. 

What are you guys felling about it?
Please let me hear. 

Have a great day. 
MadsFromDenmark.
 

[Abiel 475]

7 hours ago, MadsFromDenmark said:

Nope, not here, i want to stick to my rules, and not let the (program) do it for me.. 
Need to get those feelings in, and practice myself to do it. 

Just like take a losing trade, or get out of a trade, if it doesn't do the way i want. 
I will learn, to hit the (stop) / get me out of the trade bottom. 

I know, i need to stop when i hit 3 losses trades.
I know, i have a max stop loss for the day for 250 $
I know, i only can lose 83$ pr trade. 

If i can't handle that, and learn to risk it, by myself, i will not (overcome) myself to keep my controls, i think i will fell ( The program, will stop me out) (The program will, do the job for me) And if it does it for me, i will not get the psychology felling. 

What are you guys felling about it?
Please let me hear. 

Have a great day. 
MadsFromDenmark.
 

I was thinking like you, but lately I have seen traders losing big, hulk days or failure of internet connection, so I choose the safety net of DAS risk controls.

[Peter S 3]

3 minutes ago, Abiel said:

I was thinking like you, but lately I have seen traders losing big, hulk days or failure of internet connection, so I choose the safety net of DAS risk controls.

That seems like a good idea, as various grades of computer failure are bad for the heart rate.  But if I use it I'll probably set it wider than my daily rules and just have it as a backstop.

[anhkind 1]

One note on "Enable Auto Stop" as it might just stop you RIGHT AWAY on choppy stocks when you're close to the max loss level. Be careful with this setting.

[MadsFromDenmark 10]

16 hours ago, Abiel said:

I was thinking like you, but lately I have seen traders losing big, hulk days or failure of internet connection, so I choose the safety net of DAS risk controls.

that was a great example to do it!

[Mike B 625]

I use it as a safety net for my internet connection failure as I trade off a Verizon Hotspot and not a wired connection. I have set it at a 2% loss of my total equity, which is higher than my max daily loss I set. This eliminates a worry for me that if the internet drops I won't be able to get out of a trade if it turns against me.