When to change, stop or grow a plan
Decide in advance what evidence would change the plan, and how size is allowed to grow.
Module 24 of 26, Your own plan and journal. Lesson 5 of 5, about 14 minutes.
The takeaway
Write your change rules in advance, move size up one rung at a time under the same fixed percentage, and stop if your data or mechanics break, no matter what the P&L says.
This page is a public summary. The full lesson has the worked examples, an interactive exercise and a short quiz, and sits in the course. Lessons 1 and 2 of Module 1 are free and the rest need a pass.
Open this lesson in the course
General information only. It doesn't consider your objectives, finances or needs. Tickfloor holds no financial services licence and never places trades.
Concepts in this lesson
Previous lesson
Next lesson
Related lessons
- Average result per trade, and Kelly sizing
- Stop losses and take profits
- Pips, lots and sizing a forex trade
- Sizing a trade by how much you can lose