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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
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