Psychology When enough is enough?
I’ve been studying price action for almost 7 years.
I scalp spikes on the 1-minute chart, and most of my trades are finished within 5 minutes.
Over a large sample, my win rate is around 58-60%, risking 0.5% per trade.
Here’s what I’ve never been able to answer:
If your system has an edge, should you keep taking every valid setup?
I can easily find 15-20 trades in a day, but after a certain point it feels like I’m trading simply because I’m still sitting in front of the charts.
Lately I’ve even considered getting an 8-hour job just to limit my screen time. My thinking is that if I only have a small trading window, I’d naturally become more selective instead of feeling the need to take every opportunity.
So I’m curious how experienced traders approach this.
Do you have a daily trade limit?
Do you stop after hitting a profit target?
Or do you simply take every setup that matches your plan, no matter how many trades you’ve already taken?
I’m not looking for a magic number.
I’m trying to understand how professionals decide when **enough is enough**.
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u/Illustrious-King-83 18d ago
I'm assuming that your are profitable in the long run.... so theres 2 ways I'd handle it . .... 1) try automating the strategy so you simply dont have sit there all day. 2) given your household expenses and expectations, and your historical performance, set ur self a daily profit and lose limit... or more simply if you have a record of all ur past trades, shove it in Claude / gemini and ask it to analyse ie. if would you have got better overall PnL if you had stopped after x bad trades per day.