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I really know how you feel and how disappointed you are because I've been there and done that.
I managed to blow a $150k combine on day 19...and the worst thing was that I killed my pretty good chance to get a rollover as well.
So, I'd suggest to step back from trading for a while and take your time to recover mentally...and after that, I'd bet that you will take another combine just because YOU know that YOU can make it !
BTW, IMHO risking 5% of your account capital on a single trade is too much risk...I'd suggest to exposure no more than 2%, but that's only me.
However, I wish you best of luck on your ongoing journey.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Can you help answer these questions from other members on NexusFi?
Thanks guys.......I had just forgot that even though I had a stop.....the combine will close your trade if you hit the 500$ daily limit automatic ......the trade did end up hitting my target......so I'm not down or even up set.....I know the trade was a winner and I was so sure, that I took it again on my live account and made about a $120.
There will all ways be looser's on any strategy. I'm very confident with the ACD method. Besides it was going to cost me about $400 a month just to trade the instruments that I like to trade.
Once again the TST program is great place to hone your skills and learn......and the community is awesome. Perhaps later on I will enter a custom combine that better fits the way I trade.....but for now I feel that I can add a few thousand to my live account and trade the ACD method successfully.
IMHO TST doesn't close your trade and / or combine if you hit your daily loss limitduring a trade, but only if you close your trade and hit your DLL....that sounds strange since I hit my DLL during a trade as well but managed to close it way above my DLL...
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
It may be platform dependent. For example I know for a fact that if you're using Sierra, the platform will close your position for you if you reach your limit. So if your daily stoploss has been reached but you're still in a trade that hasn't yet reached your stop loss for that trade,...you will be forcefully taken out of the trade. I wouldn't be surprised if Ninja is the same.
With 3 days to go in my latest combine I was unable to reach the winning pct goal,so I decided to just jerk around a bit. I hit my max trailing drawdown during a trade,but it wasn't closed immediately.
I'm also using T4.
On the last 2 days I managed to get it back in the green . The psychological aspect is so important. Just thinking about that winning pct made me hesitate to take trades. When it was no longer a concern I could trade freely.
A bit to go before I can pass one ,but I won't give up