After looking at my personal trades since a couple of years, I decided to give a couple of options to my followers in terms of Stop-loss/money management. I will publish a scalp as an example of my updated money management plan.
Enter: 9330-9340 (short)
Target1 (scalping): 9290 (stoploss for Target1: 9640)
Target2 (intraday trading): 9240 (stoploss for Target2: 9740)
Target3: 9203 (risk lovers)
General rules in my trades (scalping/ intraday trading):
- Target 1 is generally for scalpers who want smaller but more frequent gains.
- Target2 is mostly for intraday traders.
- Each target has its own stoplosses.
- It is up to you to decide which of the two strategies suits you the best.
- Stoplosses and targets can be updated, so please follow my updates.
Comment:
it is heading south, as expected, but it has not touched the entrance level yet, hence the trade is still not active...
Order cancelled:
it has decreased, touched even my first target before touching the entrance level. it makes no sense to wait for the entry.
Comment:
it touched my important targets, it was unfortunate not to be able to enter the trade. Now I am for a long (scalp)
