It's always good to stop loss but I need add another rule to stop trading after some bad losses. This morning I longed NQ as planned yesterday. I quickly had two bad stop losses. Each wiped out one day worth gain. So I switched to short and once again got trapped. I averaged up and finally got out with some gain. What I should have done is to stop trading for the rest of day. But instead, I long and short, switched positions a lot of times and got trapped at short. The late afternoon push made me cut loss with another sizable loss. I switched to long with entry at 1498, but my losses made me nervous and couldn't hold on to my position. Bad day. My solutions: 1) control number of trades 2) stop trading if two big bad trades |