ilmscore | Prediction Details
"so my daily Max loss is the same as my daily goal and and I do keep those numbers in my mind so I'm like if I have a Max loss day I can recover it in the next day without a challenge and I and and I don't go into like you know the type of draw down that's going to take you know 15 20 days to recover from yeah not that I couldn't do it in one day if the market was crazy hot but that realistically it wouldn't happen yeah so like I I keep myself a lot more I have a lot I have guard rails on but sometimes and I know Jess said this that he trades with zero rules whatsoever because he's like you know I have that rule I have that guard rail the next thing you know we have a stock like celu that goes up 200% in the afternoon and I miss it because I hit my Max loss well now I just stopped myself from taking a great trade could have been back to green so who's that done now"
By Ross Cameron - Warrior Trading | November 28, 2024 | Pending
From video
How Danny Scaled his Day Trading Strategy from $10/day to $350k/Year 01:06:42 - 01:07:35
Interpreted Prediction
The trader uses a daily max loss that is equivalent to their daily profit goal, ensuring any recovery can happen the next day. They acknowledge that strict rules might cause them to miss significant afternoon moves, unlike a trader with no rules.

Prediction Details

Topic
Trading Psychology

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