Trading the potential fifth wave.
Happy trading!
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Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two.
Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven.
If target one is hit before opening positions, the trade will be cancelled.
Happy trading!
___________________
Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two.
Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven.
If target one is hit before opening positions, the trade will be cancelled.