Please find information in the chart bubbles.
good luck and have fun trading!
always focus on money management. you can take a lot of 1% losses
but your account can only handle a view big losses, right?
when you lose 10% e.g. 1000$ of your 10k account then you have
9000 left. the next 10% risk trade is only 900$, so the potential winning gets smaller, too.
after that 2nd one being stopped out again you have some 8100$ left!
risking again 10% of that is 810$ risk for the 3rd trade. now this one needs to be
more than -more- than a 1:2 winner to get you back to breakeven.
if lost you have some 7300$ left. with again risking 10% (730$) in the 4th trade
this one need to be a 1 : 3.6 winner to get you close to breakeven...
hope you see the point.
in addition: think of your psychology. what does it do to your trading style when you
started with 10000$ account and you only have 5000$ left? are you panicking? are you still
trading your proven strategy? are you averthinking things and switching markets or strategies
or rules? a good chance you will do stupid tings like that, right? ;)
good luck and have fun trading!
always focus on money management. you can take a lot of 1% losses
but your account can only handle a view big losses, right?
when you lose 10% e.g. 1000$ of your 10k account then you have
9000 left. the next 10% risk trade is only 900$, so the potential winning gets smaller, too.
after that 2nd one being stopped out again you have some 8100$ left!
risking again 10% of that is 810$ risk for the 3rd trade. now this one needs to be
more than -more- than a 1:2 winner to get you back to breakeven.
if lost you have some 7300$ left. with again risking 10% (730$) in the 4th trade
this one need to be a 1 : 3.6 winner to get you close to breakeven...
hope you see the point.
in addition: think of your psychology. what does it do to your trading style when you
started with 10000$ account and you only have 5000$ left? are you panicking? are you still
trading your proven strategy? are you averthinking things and switching markets or strategies
or rules? a good chance you will do stupid tings like that, right? ;)
Note
the zone where i expect the price to change direction was hit, resprected and oil dropped.
maybe you wanna trade this as a 2618 trade down?
Trade active
lets see how this developsNote
the 2168 did not work out. upmove is sort of strong so i step back a bit from shorting oil.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.