Is this trade still good to entre long now.
You only need to meet one condition :
you can accept the loss of the orange part.
Meaning if stop loss hit, the amount of loss from the part
is under certain percentage of your account that you can
accept or afford.
To do that, you will have a calculated lots size.
This is one of the way to do risk management,
WHICH HAS THE SAME PLACE AS SETTING UP A TRADE,
is part of a trading strategy.
Less is more!
You only need to meet one condition :
you can accept the loss of the orange part.
Meaning if stop loss hit, the amount of loss from the part
is under certain percentage of your account that you can
accept or afford.
To do that, you will have a calculated lots size.
This is one of the way to do risk management,
WHICH HAS THE SAME PLACE AS SETTING UP A TRADE,
is part of a trading strategy.
Less is more!
Comment:
still under the pruple trend line.
