Daily Target, Max Loss per Trade and Daily Max Loss

[deehani 0]

Dears, 

Hope everyone is doing well.

 

I have been trading since 1 year. Joined this community a month ago as lifetime pro member and so far  doing well.

Ive been struggling a bit with daily targets. (although i read Andrews 2 books and saw all the lessons)

For example my account value is $ 50 K  and a daily target of $300. what would be the best daily max loss? how can i calculate it? sometimes if lose 2% on a single trade it hits my daily max loss in just the first 5 min of the trading day!

The thing is, with my high account value and buying power and low daily target, any small loss in a trade would end my day. I hope you understood my point and hope you answer my enquiry.

Also, if someone can share a an excel file he/she is using to help, i would be very grateful.

[Brian B 2]

See if this works, it's excel position size calculator that I use.

 

https://1drv.ms/x/s!Ahst7Dhb-YhOgRMj0MeD7UYyrixL

[deehani 0]

On 12/1/2018 at 2:33 AM, Brian B said:

 

Hi Brian

 

thanks a lot. the URL doesnt work. can you share it again plz