Trading rules...

[Stanly]

always remember that there are NO rules, which cannot be changed in some specific situation

 

[Pharaoh]

always remember that there are NO rules, which cannot be changed in some specific situation

Except for a handful of absolutely unbreakable rules. If you decided to break your risk management rules in specific situations, sooner or later, you'll find that you will regret this decision.

In general, it's good not to break any of your rules. If you see the need for exceptions to some rules, codify those exceptions into your trading rules so that exceptions are done systematically, not on a whim.

 

[Steven_Smith]

Is there any situation when changing risk management rules is the only way to stay profitable?