5 TRADING PROTECTION LEVELS - NB*

REMEMBER

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.

These are the control factors to manage your portfolio with better direction and management.
What other protection levels do you apply?