In my yesterdays review, I made the following points 1. This fall now wont be as unidirectional and steep as the March fall. 2. There will be choppiness with negative bias. 3. 8300 is not short term bottom. 4. The first bounce if any tomorrow will likely to fail. Point 3 and 4 were confirmed by today's price action. I have the following observations about...
NSE:NIFTY broke out of the range today. 1. I squared off trapped call positions for loss. 2. On breakout, sold 9500 PUTS which were squared off profit. Some ideas from the price action today. ------------------------------------------------------------ Today may be much awaited start of the breakout. The strength of the breakout is pretty strong. But one...
Hi traders, Hope you enjoyed the holidays as much as the lockdown allowed you to! Let's take a closer look at one of my Monday trades. *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.* SPY was down for the first 1.5 hours and then retraced, spending the better part...
Do your own analysis ... Dont Forget Moving StopLoss At Breakeven Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for...
Hi traders, Tom with another recap here. *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the graphs.* I hate losing as much as the next guy, but let's be honest, trading comes with losses and as long as you keep them low it's fine! Two trades today: 1) APA - entry LONG @ 6.85...
This is would be a late entry short if one decides to go in now. If one cannot take the loss, stay out! You've been told. In other words if you lose your money, sue yourself. I do not avoid the issue of losses. I'm going to bring it up more and more - as it is the main thing to be controlled in all trading. Any arguments about that?
Did I say 'controlled loss'. Yes I did! This is also known as a stop loss - for those who wish to short, and can afford it. If one cannot take the loss, stay out! You've been told. In other words if you lose your money, sue yourself. I do not avoid the issue of losses. I'm going to bring it up more and more - as it is the main thing to be controlled in all...
With all the added pressure on the currency market due to corona virus, Bitcoin is set to sail. I predict that most economies are going to tank a lot further yet also. It is not wise to buy yet, wait for all the "dumb money" to buy, get wiped out by market makers, then buy. See how easy it is to see stop losses, do you not think that big institutions can't see...
Bitcoin dumped after the CoronaVirus Outbreak. BITCOIN JURASSIC MEGA DUMP But we will be fine.
Hello Traders, ATOM/BTC dont have a profit/loss factor trading, For us to enter a position we always have a stop loss value, and for that our target has to be at least twice as much as our stop value, that is, for us we enter a position where our stop is at 4% we will want to profit at least 8% in this operation to be worth the risk. For atom we can see that the...
This position corrected course then had a gap up that should have signaled an exit. I chose to hold on (bad decision almost every time) and I paid the price for that.
No point letting this trade turn into a looser now. Two lower highs created, so some structure to help create a logical place to move the stop too. Stop will be now at 1.46825. Worry free trade now, let the market go where it wants on this pair now. Updates to follow.
If I were to enter this trade with a 5% risk with a $5000 account Profit = $1262.02 Total Amount = $6262.02 Loss = $250.00 Total Amount = $4750.02 Total Trades = 20 with a 5% risk Goal = < 50% Win Rate Key Points: Fibonacci Level Support - Resistance - Key Levels 61.80% Lined up with support level Trend line + Support level = Trading Range...
If I enter this trade with a $5000 account and a 5% risk/reward. Trade 2 Result = ?
This is a very wild instrument so be careful. No predictions here. I'm showing how I'm preparing for this one.