Community ideas
Important to Understand About Leverage and Your Own EquityHi Everyone! This is simply a brief summary of WHY it's important to understand how to use leverage. We should always start (begin) with how much of our own equity we should allow to be at risk of liquidation. I personally allow myself to use up to 3 percent of my TOTAL equity in a position; while also allowing the price action to move up to 15 percent against my SWING position. This tutorial is referring to SWING trading and NOT scalping.
I'm not going to take the time to write down everything here in the description. The content in the video should be sufficient to help one understand how to determine your position size. Your position size must rely on the following:
How much of my TOTAL equity should I risk in a leverage position?
What percent will I allow price action to move AGAINST my position before liquidating my position?
Knowing those two (2) things (above) helps you determine the proper size of your position and how much leverage you should use in that position to avoid losing more than I intended.
IMPORTANT: MAKE SURE YOU ARE USING ISOLATED LEVERAGE RATHER THAN CROSS LEVERAGE. Why? To avoid losing more of your total equity. Especially, if you did not setup a stop loss. It's best to simply use "isolated" leverage where at all possible.
Remember... This is NOT a detailed tutorial on margin (leverage) trading. The main purpose of this tutorial was simply to point out how to manage the amount of your TOTAL equity you are willing to risk in any given trade... Why? Because doing this also helps you determine what should be the proper size of your position. However, you cannot know the proper size of that position if you do not also factor in how much of a move you will allow AGAINST your position before being liquidated.
I'm not sure if this is confusing or not. It may be quite confusing to many and not so confusing to others. This is why it's best for you to watch the video.
Thank you for your valuable time!
Happy Trading and Stay Aweosme!
David
Live stream - Dollar Dumpster Fire or On Sale? - Special EpisodeWesty is still on the road, so Quasar is stepping up once more to take his spot! Blake and him are talking all things to watch in markets in the coming days. What's the USD up to? What's inflation got to do with it and what's happening in Gold and BTC?
XAU/USD Multi-Timeframe & Order Flow Analysis Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
A Great Trading Strategy For New/Unprofitable TradersHey 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.)
How To Trade the Triangle Consolidation Pattern!Hey Traders today I wanted to take a step back and show new traders the proper way of entering the market when it's consolidating in a triangle. Triangles are very common in trading and know how to identify them on your charts is a great tool to add to your trading arnsenal. Triangles can lead to explosive moves in financial markets so lets dive in and break it down to a science of how to trade it.
Enjoy
Trade Well,
Clifford
Why we should review price action to see if History will RepeatStudying price action and reviewing should be a key part to everyones trading and will improve overall results. Many Stocks, Currency pairs, Commodities or Indexes have differing nuances and characteristics with regards to Price Action so it is worth doing the homework before entering a trade. Even though they all trade around a similar Price Action Framework, quickly looking for small repeating patterns can greatly improve the probability and conviction and help your trades in the long run.
This short video looks EQR.asx which is a share listed on the ASX. By reviewing the previous price action, we can see that the current setup is so far following the same path as a previous big winner....I will be watching to see if history does repeat!!
Hope you enjoy
Using Chat GPT to build pinescriptThis is a lot different to our normal video but I really wanted to show the @TradingView community how you can use AI to build indicators in @PineCoders
I thought it would be easier to do as a video idea than a stream.
So I hope you enjoy & don't forget to shout out to me when you try it for yourself, I am keen to see what you build!
All the best
Mayfair!
Leveraged Share Conversion Calculcator Indicator coming soon! To be released this upcoming week :-).
Going over the functionality and setting up of my leveraged share conversion calculator indicator.
I will link it below upon its release.
This is the third and final reference indicator in my series, the other 2 being the Technical Dashboard and the P&L Indicator (I will link those below).
At this point, I will be going back over feedback to make improvements on all of the indicators while I wait for a stroke of ingenuity to realize again ;).
If you have feedback or technical problems with any of the indicators, please let me know in the comments but also if you can please include a chart image of any issue you are having, that would be very helpful.
Any recommendations, please leave in the comments below. I have received a couple that are on the agenda for implementation, its just a slow process :-).
Let me know your questions/comments and recommendations.
Safe trades everyone!
The MACRO MARKET ($SPY CHART)In this video, I discuss my outlook on the market ($SPY) and a few trades that we, YS Stocks Investment Club, have jumped in.
The past 10 months we have seen the market continue in its Declining phase but not before edging a bit higher in the month of October. Many investors expected the rally to begin in January but October began the bear market rally that took the Bulls on a nice ride.
February, $SPY closed in a "shooting star" or "inverted hammer" signaling a potential downshift on the market to retest previous lows: $370s - $360s.
We have jumped on a few trades as the market continues to Ebb and Flow in this uncertain environment.
We have been on the $379/$370 Put Debit Spread (PDS); JUN 23 expiration for over 3 months and it looks promising to deliver profits in the month of Mar or April.
Time will tell, but we are following our YS Options Trading Plan and set out STOP LOSS for this and all trades that we are in.
TRADE RESPONSIBLY and DO YOUR OWN DUE DILIGENCE..