This is a deep dive into the concepts surrounding "Risk Management" and how to realistically model managing risk.
We will discuss:
Risk Units
Scaling in to positions at a one third risk unit increments
Raising stops
Taking profits
Closing/exiting the position.
Hey traders!
This is a short clip of a recap of the trades we've taken on NASDAQ / Us100 today.
The video explains our strategy in brief detail and goes over the reasons why we traded NASDAQ long today (and we continue to do so towards the close of the day also).
We are full time day traders, we only focus on day trading and we've recently made major update...
In the previous post we discussed risk:reward, profit taking and trailing stop losses. If you have not read part 1 and part 2 then you are highly recommended to start there.
Taking Profit
Always taking partial profits, never making decisions for the full position. This is true when entering and this is true when exiting. It minimizes anxiety and...
