### Comment:
Username is actually for trading a different asset. 
  
 I cut losing positions at a loss of 10% with a max loss of 20% a day.  Anything more and I worry that I will tilt and trade out of emotion. 
  
 I've found that most times I've doubled down in the past, I end up losing more so I do not usually average down. 
  
 Dailies will be for maybe an hour or two at max.  Weeklies are variable but I try to cut early.

### REPLY:
do you set a sell target % or trade the upside naked?

### END.