[Do not revert the quantity the day after a win] Procedure to adhere to a single tolerance amount
The day after turning a profit the day before, open the order screen.
There’s some cushion from yesterday, and it might be okay to increase the quantity a little.
That feeling makes you want to act before you confirm anything, right?
However, the distance to today’s stop-loss candidate isn’t necessarily the same as yesterday.
Good evening!
This is Masashi^^
This time, I’ve summarized the checks to start without changing the per-trade allowance even after a win the next day.
We’ll start by not mixing yesterday’s results with today’s conditions.
First, we’ll look only at today’s allowance.
? Before the order, decide on one place to return to
If you decide in advance to redo the quantity calculation from scratch the day after a win, you’ll spend less time hesitating.
If you haven’t decided【Today’s allowance】, you’ll form your standard after watching the moves.
If you form the standard after the move, it’s harder to keep the line that【do not make today’s profits come from unrealized gains or yesterday’s profits】into today’s equity.
Record it in the form of【placing yesterday’s P/L and today’s quantity in separate fields】.
Having this one line allows you to review from the planned stop-loss position the next day.
When in doubt, return to【Today’s allowance】decided before the order.
Example:【Place yesterday’s P/L and today’s quantity in separate fields】
⚠ If you delay stop-loss, it distorts the entry
If you decide the direction first and then think about stop-loss, you’ll pick a place that matches your desire to enter.
What you can write is only a form that can be explained by positions, such as「break through the higher timeframe resistance equals expected end」.
If it’s too far, it becomes easier to accept that you think it might move this time.
So we change the order and write first,【where the assumption collapses】, then decide the lot size from there.
Ambiguous entries for stop-loss also make decisions while holding be ambiguous.
So when you find a candidate, place the exit point before the profit target.
The stop-loss position is not a after-the-fact task, but a condition to choose the entry.
If you can’t place an exit, discard that scenario from candidates.
? Look for places that will be denied first
Stop-loss candidates are not just numbers to narrow the range.
Which price movement would invalidate your initial judgment, and is that linked to the explanation?
Even if you want to increase the quantity by recalling yesterday’s profit, the spots where your assumption collapses today won’t change.
If the distance to it is far, the risk you take is different from yesterday.
If you can’t explain where you cancel the expectation, even if the direction looks right, you may leave it as a candidate.
Decide on a place that is wrong before the correct one.
What to look at is“Why would you cancel the assumption there?”
✅ How to reduce candidates by stopping loss first
You can see where you want to enter, but you cannot explain where you will cancel the assumption.
In such cases, decisions tend to rely on the attractiveness of the entry alone.
Is the distance large, or is the basis for the position unclear? If you separate the reasons, you can reconsider later.
What is shown here is not a concrete judging procedure from the教材, but perspectives you want to confirm before placing an order.
By calculating stop-loss backward, you are left with only the scenes where you can enter, not the scenes you should not enter.
Reducing candidates is not a loss of opportunity.
❌ Don’t allow a large profit potential to prevent a distant stop-loss
When it looks like it could move a lot, you might want to accept a slightly distant stop-loss.
But the potential for profit is a prediction, and the distance to the stop-loss is a fact at the time of the order.
Hope for a big move alone isn’t a reason to choose a distant stop-loss.
I’d like to re-check your tolerance for loss versus potential profit again.
Treat expected profit and the risk you accept at the time of order as separate considerations.
Stop-loss is not a failure; it is the cost of ending when your assumption is wrong.
? Moments when you want to move the stop-loss
When you were sure to enter, you may want to widen the stop-loss when the price moves against you.
The stop-loss is far, and you may think you can enter by just reducing the quantity.
If you focus only on profit targets, you will justify entering later.
Before moving on to a new entry, you should consider whether you can pass on the current candidate.
If you leave only the scenes where stop-loss can be placed, your hesitation while holding will also decrease.
Whether the教材 fits depends on whether you want to organize your decision to pass on opportunities more than increasing entrances.
The day after a win, also start from today’s allowance
If the reason for changing the quantity is only because you won yesterday, there may be room for reassessment even if the result is profit.
In a week’s record, separate the reasons for quantity changes between the day after a win and other days.
A concrete method to determine quantities that fit your account conditions is not covered in this free article.
Is increasing the quantity because there was yesterday’s profit a decision based on today’s conditions?
This is not today’s trading condition.
If the stop-loss candidate is far away, the risk you take with yesterday’s same quantity changes.
Conversely, if the stop-loss candidate is close, the risk is reduced even with the same quantity.
Quantity should be decided again from today’s distance, not yesterday’s result.
What can be checked in the教材, and what cannot
GOLD Panacea provides material to consider stop-loss candidates before entering.
However,教材 does not determine quantities that fit your own account conditions.
If you tend to postpone stop-loss placement, you can compare order notes before and after reading.
If you’ve already continued that check, please consider carefully whether you need to add more.
Do not use yesterday’s profit as the reason for today’s allowance.
Before tomorrow’s order
For the next candidate, look separately at yesterday’s P/L and today’s conditions. If you cannot explain today’s risk, you may keep the candidate on hold ^^
Thank you as always for reading ^^