“Step 3: Control Daily and Weekly Loss Limits Set a maximum daily or weekly loss limit to avoid emotional damage and overtrading. Guidelines for Loss Limits: Daily loss limit = 2%–3% of total account balance. Weekly loss limit = 5%–6% of total account balance. If you hit your limit, stop trading for the day or week—no exceptions. Example: ● $10,000 account ● 2% daily loss limit = $200 ●      If you lose $200, you stop trading for the day—no revenge trades.”