Step 1 · Before every trade
Can I place this trade and still keep my account?
A stop at the broker, 1% risk, a limit for the day.
Why this check
Work out the size from the money you are willing to lose, not the other way round. Compare it with how much of today's allowance is left and with the overall floor. If the stop cannot be attached, do not trade. Educational estimates: your firm's dashboard is the authority.
