5 Important Trading Protection Levels

REMEMBER

No matter what stock, index, Forex or other markets you’re trading, every trader needs 5 protection levels.

Stop loss to stop yourself from furthering losses

Time stop loss to get you out of non-performing trades

Adjusted stop loss to lock in profits when the market moves in your favour.

Risk % per trade to only lose a certain amount of your portfolio

% of Drawdown before you HALT trading – when the market is not in a favourable environment to your strategy.

Short and sweet but VERY powerful to apply to your trading.

Do you have any other protection levels?