Risk Management Jun 11
Level of complacency and greed
None
It is a good idea to lighten up or add hedges in rising complacency
Level of fear
None
It is a good idea to lighten up in rising fear
Did you craft plans?
Yes
Did you set up trade alerts and entry / exit triggers and follow them?
Yes
Did you do regular breathing exercise?
Sometimes
Did the account value move more than 2% per day?
Yes
If yes, lighten up or tighten stops
How much do you stand to lose in the worst case scenario?
5%
Is it more than 5% of the account value?
No
After losing 5% (realised or unrealised), FOMO and short circuit is highly likely, avoid them by not losing more
Reminders
Watch for change in trends in all TFs -> lighten up, hedge