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? ;)
Komentarz
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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?
Zlecenie aktywne
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lets see how this develops
Komentarz
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the 2168 did not work out. upmove is sort of strong so i step back a bit from shorting oil.