Details / Description:
Today, I set up a paper trading portfolio on TradingView using 5 instruments from different sectors/industries to practice diversification, risk management, and leverage.
Strategy Highlights:
Selected 1 instrument from each industry to reduce sector-specific risk.
Set Take Profit and Stop Loss for each position with a rough 1:3 risk-reward ratio.
Let positions run for the medium term (days to weeks) without constant monitoring.
Margin and available funds carefully managed to ensure all positions can stay open safely.
Purpose / Learning Goal:
Practice portfolio diversification across different industries.
Learn position sizing, risk-reward, and leverage management.
Observe how unrealized and realized P/L evolve over time.
Understand how stop losses and take profits help automate risk management.
Next Steps:
Monitor daily or via alerts, but avoid constant screen watching.
Adjust future trades based on performance and market conditions.
Today, I set up a paper trading portfolio on TradingView using 5 instruments from different sectors/industries to practice diversification, risk management, and leverage.
Strategy Highlights:
Selected 1 instrument from each industry to reduce sector-specific risk.
- CME:MBT1! – Industrial / Metals
- CME_MINI:ES1! – S&P 500 Index
- CME_MINI:MNQ1! – Nasdaq 100 Index
- COMEX_MINI:MGC1! – Gold Mini Contract
- NYMEX:MCL1! – Crude Oil Mini Contract
Set Take Profit and Stop Loss for each position with a rough 1:3 risk-reward ratio.
Let positions run for the medium term (days to weeks) without constant monitoring.
Margin and available funds carefully managed to ensure all positions can stay open safely.
Purpose / Learning Goal:
Practice portfolio diversification across different industries.
Learn position sizing, risk-reward, and leverage management.
Observe how unrealized and realized P/L evolve over time.
Understand how stop losses and take profits help automate risk management.
Next Steps:
Monitor daily or via alerts, but avoid constant screen watching.
Adjust future trades based on performance and market conditions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.