Traders often listen to calls and rumors and hypes. It will cause a casino effect, fomo and going all in. Risking big loss or big win if timing it wrong or right.
Here I show you what you must do everytime before you spend your hard earned money.
This is how you will make profit and not miss other assets that you want to play with when they are ready to move.
Many traders know little about risk management. So this looks useful, thanks!
Can you say a few words about:
-in the first row: is "1/2 trading cap" what you expect to to profit? or the most you can lose (or win)?
- why 4 assets (and not 3 or 5)? is it a function of the "1/2"?
- I think i know what you mean by "average down" to 1/2 trading cap, but please explain. What has changed between row one and two (even if they look the same)?
- This looks different then the "2% rule" that says to risk up to 2% of your capital on any single trade. Is it?
Tnx!
@gb50k, The reason I picked 4 different assets and not 3 is because of the timing development of all assets. The more assets you own, the higher probability of one of them will give you the needed weekly profitable capital to pay for your daily expenses. Otherwise, you can choose how many assets you want to own.
Wolfiegang
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Nice, I'm just now learning this and it's paying off nicely. Thanks
toanthainguyen
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@Wolfgangraydio, No problem mate. I put together many years of experience to share with you what to do, to avoid what not to do. This is the best way to manage capital and make it profit.
Can you say a few words about:
-in the first row: is "1/2 trading cap" what you expect to to profit? or the most you can lose (or win)?
- why 4 assets (and not 3 or 5)? is it a function of the "1/2"?
- I think i know what you mean by "average down" to 1/2 trading cap, but please explain. What has changed between row one and two (even if they look the same)?
- This looks different then the "2% rule" that says to risk up to 2% of your capital on any single trade. Is it?
Tnx!