Good morning traders: what’s the plan today?
Plan: [pair], [session], max [X] trades.
Plan: [pair], [session], max [X] trades.
Good morning! Having a clear plan with a set pair, specific session, and max trade limit is one of the best habits to build, especially when trading on prop firm accounts. Limiting your trades helps protect you against overtrading and keeps you safe from breaching strict daily loss limits.
When you are keeping risk tight and waiting for your setup, remember to factor in any news release rules your firm might have during your chosen session.
How are you managing your max trade count when the market gets choppy? Drop your thoughts below!