A Great Trading Strategy For New/Unprofitable Traders
Hey gang! Thanks for watching.
Reminder -The most important bits of a strategy are:
- directional bias
- where to trade
- where to risk
- how to manage
There's one final piece that we didn't mention in the video - capital management. AKA - how much to spend, of all of your capital, on the risk in a given trade.
A great rule of thumb is that no trade should risk more than 3% of your capital at any one time. Breakout trading has a mixed win rate, and sometimes you can have lots of losses in a row. You need to control for this.
Thanks again and let us know how and where you think this strategy could be further improved.
Cheers!
(Again, none of this is investment advice, simply educational material about good trading practices - all our content is subject to our terms of service.)
Reminder -The most important bits of a strategy are:
- directional bias
- where to trade
- where to risk
- how to manage
There's one final piece that we didn't mention in the video - capital management. AKA - how much to spend, of all of your capital, on the risk in a given trade.
A great rule of thumb is that no trade should risk more than 3% of your capital at any one time. Breakout trading has a mixed win rate, and sometimes you can have lots of losses in a row. You need to control for this.
Thanks again and let us know how and where you think this strategy could be further improved.
Cheers!
(Again, none of this is investment advice, simply educational material about good trading practices - all our content is subject to our terms of service.)
🚨🚨🚨
Get high-probability trade ideas and research directly to your inbox for free.
Follow us here and turn on email alerts to stay in the loop: seekingalpha.com/author/propnotes
Get high-probability trade ideas and research directly to your inbox for free.
Follow us here and turn on email alerts to stay in the loop: seekingalpha.com/author/propnotes
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.