Lock Maximum Trades allowed per SESSION - to prevent Revenge trading / Re-Entry on tilt
Basically this will lock max trades per session or time slot, blocking the trader from re-entering a failed trade.
Sometimes as traders we have a personal daily lock limit of $1000 for example. We place a $500 risk trade, then when we lose that trade, we immediately put a second trade on that same trade idea immediately after the first loss.
This prevents re-entry / revenge trading and locks you for that trading session.
This request was merged into another request
Comments1
Mike J
Jan 26
I like this idea. Markets do tend to move differently than NY session and I would like to setup a lockout for a certain amount of trades per session which will keep my acct functioning for when NY session comes around