I’ve looked at AvaProtect before and had some concerns about using it for day trading:
- The cost of AvaProtect varies depending on market volatility and your position. It’s usually more expensive when volatility is high which might be where you’re aiming your day trades.
- If you use it for all your trades and make a large number of day trades (like many do), then the premiums can start to counteract the benefits especially if your win rate is healthy.
- I prefer focusing on risk management tools like simple stop loss orders and take profit levels. They are easy to set up and broker agnostic rather than adapting your trading style specifically to Ava.