Disliked{quote} great results, of course it wouldn't have been possible without the use of SL.Ignored
The prop firms allow 5 % Daily DD.
And if the DD is close to 2 to 3 % , the fear comes in Prop account.
For example, i took short position in gu on wednesday around 1.2605/10.
The price did not go far.... it moved up approximately 30/35 pips above my short trade positions.
But all of you know the proce frustrated on wednesday in NY session, neither going up nor going down.
The short trades which I took around 1.2605/10 was in dd but less than 10 %.
Furthermore the price frustrated in wednesday NY session ( as you see in the picture ), so, i did not book any profit, but took loss of 3.6 % leaving short trades taken at 1.2605/10 still open.
What I am trying to say is the difference between prop firm and real money trading is :
there is no emotion due to 5 % daily DD breach in real money account.
In short, I do not use stop loss and I play lot size according to my balance capital.
This is suitable for intraday trading and i do not trade position trading or swing trading.
Intraday only.
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