Thanks for your comments… that said, not too sure what advice I can offer here other than you need to be following a system. If I were in your position, and I didn’t have a system, I personally wouldn’t be trading.

Your Trading Coach,

David Jenyns

Yours are the best videos I have seen, but here is a hands on problem; I am stuck in a CNLG trade, missed the inital spike but decided to gamle on a follow up and of course not following my plan ! But I get drawn to the message boards and start to “hope”…So now I am hoping that this is the bottom and we couls spike from here but still doubting it from chart history. When and if you reply to this I will probably be out of this trade but your imput would be interesting as a matter of strategy.

Thanks,

Olaf

The maximum loss is the total amount you’re willing to lose on any trade (typically a percentage of your trading float). The initial stop size is the difference between your entry price and your stop price (on a per unit basis).

The stop size is always much smaller than the maximum loss and therefore won’t ever equal 1. If you need some more help on the topic check out my course here: http://www.ultimate-trading-systems.com/tsr.

Hope that helps.

Your Trading Coach,
David Jenyns

re trade size……i am not clear ….wouldn\’t max loss/initial stop size always equal 1…..unless stop is moved??

regards