here is nothing like i am not making profit daily but i am loosing that because of more trades. Some times kill switch is helping me very much. But there should be a something to control the no of trades. Ex like before starting the trade of the day i can switch no of trades like 2 or 3 trades, once it is executed only thing i can do is 3 trades only later it stops like kill switch.
ya it should be initiated and traders can saved a lot
Won’t work. After 3 trades are complete, the compulsive trader will modify that limit to 5 and say to himself ‘Only for today, from tomorrow I’ll control’. And that tomorrow will never come.
Even if the broker doesn’t allow to modify that limit, that compulsive trader will end up opening another trading account with a different broker and take 4th trade in that alternate account
so you are saying that the control has to come from with, nice, i like that.
Ever heard of video games?
no only audio games.
sir for more than month i used the kill switch and daily i was in profit but u know the emotions are not the same. The greed has taken over me and i stopped using the kill after two trades and losses prevailed. Always when day starts trader thinks of taking two or three trades but it will not happen. So if there is option of (switch to number of trades) before a trades starts i hope this can help.
That’s exactly what Mr.Ankit had advised you. After finishing 2 or 3 trades in a dmat account in profit, you will ultimately switch to another dmat account to continue trading looking for more profits. Between I am also looking for a “kill switch” which will prevent me from trading for first one hour. Most of the times i lose when i initiate a trade in first 15 - 30 minutes.
Thank you all.