A Great Trading Strategy For New/Unprofitable Traders

NASDAQ:TSLA   Tesla, Inc.
Hey gang! Thanks for watching.

Reminder -The most important bits of a strategy are:

- directional bias
- where to trade
- where to risk
- how to manage

There's one final piece that we didn't mention in the video - capital management. AKA - how much to spend, of all of your capital, on the risk in a given trade.

A great rule of thumb is that no trade should risk more than 3% of your capital at any one time. Breakout trading has a mixed win rate, and sometimes you can have lots of losses in a row. You need to control for this.

Thanks again and let us know how and where you think this strategy could be further improved.


(Again, none of this is investment advice, simply educational material about good trading practices - all our content is subject to our terms of service.)


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