A risk management technique used for protecting yourself when taking a trade or several trades that have a much higher probability and potential of going against a trader… These type of limits are typically used when trades are contrarian to what the market is showing what it wants to do e.g trades that could easily go into 100 or more pips of drawdown… trades that are counter to what a traders indicators are telling him
Term was originally coined by Mod of fxinsights
i had 4 longs get +1'd out
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