setting circuit breakers

link

step one

max loss per day  x acct size

10,000 x 5%  = 500
x 2%  =  200/day

2,500  x  2%  =  50


2,500 x .05 = 125

max loss per trade
2%

step two

how many losses will you allow in a trading day?

Shawn for instance has 3 losses per 10.
He accounts for 9 losing trades per day, so devide into max loss per day.

$500/9 = $55