IF port 30K
Risk 1% = $300
Reward 2% = $600
technical reasons.
1) breakout of Trendline
2) breakout of previous high
3) resistance became support
4) price made bullish correction
Now we can entry with 2RR ratio.
After you place a trade, you don't need to manage it. Lets it run.
Trading is about possibility should be your default mode so that when you are extreme confidence, you are still risking small percentage.
When you win, you will not be happy.
When you lose, you will not be happy.
Technical analysis is only a risk management tools to help you identify the best place for taking order.
you should risk very very small because if you are profitable trader, you will make huge profit by compounding of small percentage.
And your mental health will be at very flow state.
Risk 1% = $300
Reward 2% = $600
technical reasons.
1) breakout of Trendline
2) breakout of previous high
3) resistance became support
4) price made bullish correction
Now we can entry with 2RR ratio.
After you place a trade, you don't need to manage it. Lets it run.
Trading is about possibility should be your default mode so that when you are extreme confidence, you are still risking small percentage.
When you win, you will not be happy.
When you lose, you will not be happy.
Technical analysis is only a risk management tools to help you identify the best place for taking order.
you should risk very very small because if you are profitable trader, you will make huge profit by compounding of small percentage.
And your mental health will be at very flow state.