5-6 and 6-3 Clarification

S2 - Steward - Resource Management
1

Never risk more than 5% / 6 per trade.

Once you are down NET 6 trades you quit for the day.

Once you are up NET 3 trades you quit for the day.

Once you are are up 5%, lock it in.

My question is regarding being up. Which rule takes precedence? Up 3 net trades or up 5%?

If I’m up 2 trades and up 7%, I can still place another trade so long as I keep 5% total for the day.

If I’m up 3 trades, but only up 3% do I still stop for the day? I can’t imagine it would be wise to chase 5% past 3 trades. Can anyone clarify please?

Thanks.

2

Got this cleared up in the Elite room.

Once you are up net 3 trades on the day (even if it’s lower than 5%), you stop.

However, if you reach 5% before you are up net 3 trades you should keep it and only keep trading with whatever is left after you “bank” 5%.

For example, if you are up 7% on 2 net up trades, then you wouldn’t exceed 2% of that in risk on your remaining trades.