Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Teach me your ways. Been holding since $70 and this last two weeks doesn't feel well
PlanTradePlanMM
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@Brokemillwright, thanks. it is simple, but not easy. I learned trading plan (Stop/Entry/target, S.E.T probability and reward risk ratio) from pro traders 14 years, and drawing trendline about 6 years. In this trade, the key is trendline break.
Brokemillwright
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@PlanTradePlanMM, I just looked into trade pros and a new newsletter is talking about shorting via etfs. I've dabbled in margin trading a long time ago but it still seems daunting. I have alot to learn and i don't think the volatile market is the place for me lol