Description is in the chart.
Dont risk too much! not more than 1% of your trading capital!
e.g. you have a 2000$ account total > if your sl is hit you must not lose more than 20$
If you feel this style of trading with that low risk is bringing you nowhere you might be right, then maybe your account is too small, eh? Fact.
If you dont know how to calculate your lot (/or micro lot) size correct go and learn how to! There are brokers / software on the market that directly previews your potential loss / gain when you enter your sl and tp levels! thats the easy way!
Dont risk too much! not more than 1% of your trading capital!
e.g. you have a 2000$ account total > if your sl is hit you must not lose more than 20$
If you feel this style of trading with that low risk is bringing you nowhere you might be right, then maybe your account is too small, eh? Fact.
If you dont know how to calculate your lot (/or micro lot) size correct go and learn how to! There are brokers / software on the market that directly previews your potential loss / gain when you enter your sl and tp levels! thats the easy way!
Comment:
please re-adjust your fibs
Order cancelled
support and resistance traders would say that we now are in a zone of s/r....