2. Know when your key support area is broken or invalidated.• Once this area of $449.40-$450 is broken then support is broken.• The area of support is also a range or a zone. • Usually if the 2-5min candles closes below support zone then you are stopped out.
network 发表于 2023-8-7 18:11
2. Know when your key support area is broken or invalidated.• Once this area of $449.40-$450 i ...
3. Have more then one profit target and consistently sell 30-50% at the first target.• No one can consistently sell at the top so its good habits to sell some at 1st and 2nd profit targets.• Trading plan is always Entry, Stop loss and Profit Targets.
4. The market is random and unpredictable so always put in a stop loss.• If they trade isn't working as you planned, quickly take a loss to protect your capital. • This is a habit you can't ignore.Here's an important lesson on stop loss:
5 simple steps to set the perfect stop loss:1. Figure out how much you are comfortable losing on each trade.Example: $1000 account size Try to limit loss to $50 bucks.Everyone has a unique risk profile.设置完美止损的5个简单步骤:
network 发表于 2023-8-7 18:13
4. The market is random and unpredictable so always put in a stop loss.• If they trade isn't w ...
5.Never enter a trade in the middle of congestion.• This is the area between support and resistance. This is a dead zone. • Enter trades at support so at the bottom of the range.• Enter trades at breakout from resistance with candle closing above as confirmation.
network 发表于 2023-8-7 18:14
5.Never enter a trade in the middle of congestion.• This is the area between support and res ...
Kat turns $1000 into $20,000 consistently because of her discipline and risk management.The key here not losing more than $200 per trade because she KNOWS she can make it up on the next trade.You too can do this following these 5 golden rules
Takeaways• Trading is like losing weight. The journey is personal. • Do what works for you and what you're comfortable with.• Trading is 60% psychological, 30% risk management and 10% analysis.• Focus on 1-2 sets-up and executing well over a series of 20x-50x trades.