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Tip of the Week: Set a Personal Loss Limit

Posted by TopstepTrader on March 18, 2019

Importance of Personal Trading Loss Limit

In this week's Tip of the Week, TopstepTrader's founder Michael Patak points out something that we all must accept: setting a personal loss limit. Whether that's a daily loss limit, weekly loss limit, or overall loss limit, as traders, we don't have unlimited funds and need to realize when things are not going our way. A loss limit is the way to do that.

Instead of viewing a loss limit as something that constrains performance, we have to realize that it actually enables good performance. Losses happen in trading, but you can't let a loss get out of hand and endanger your future in this business. 

Here's Michael's take on why every trader should have a personal loss limit.


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Topics: Trading Lessons, Futures, Michael Patak, Tip of the Week

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