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Trade Management

Update to "Go long BTCUSD"-Trade Management Risk:Reward is 14:1 This chart will give you a better view to the ongoing trade "Go Long BTCUSD", with all indicators in visible (Pivots, Opening Range) to see the trade progression, trailing stop losses and profit targets. What you are seeing here is trade management. By managing the trade properly we are able quickly eliminate the risk of the trade being a losing trade, by bringing our stop loss to close to break even very soon after our entry. From there we simply trail stops to key support levels as well as taking partial profits at key resistance levels. This allows for the trade to be a comfortable experience by enjoying the booking of gains and the continual reduction in risk of losing profits.
BITSTAMP:BTCUSDEducation
by chris333
3
Trading Record - Risk Units Exercise This is an observation with educational purposes, for myself and for the people who might find it useful. First of all, the results that are shown here are made from the last 13 trades that were published and TRIGGERED, here in the website. Each one of those trades are measure in terms of risk to reward, in other words terms of risk units. Remember when you are going to place a trade you must have clear what % of your account you are going to risk, after you have that number, depending on the place from your entry to your of stop loss level you define your position size in order to match your risk amount Below you can find in detail each one of the trades, is important that you see the description of each idea in order to see how was the trade management in each case Trade 1 Trade 2 Trade 3 Trade 4 Trade 5 Trade 6 Trade 7 Trade 8 Trade 9 Trade 10 Trade 11 Trade 12 Trade 13
Education
by JaimePantoja
1
EURGBP Bad trade managementI posted a EURGBP trade a couple of days ago, the entry seemed perfect and the trade was going my way. The trade then went badly against me and broke out of the channel. I pushed my stop a lot higher to 0.85925, I then entered another short around 0.85825. Price came back down 0.85550 where I took profit from my second trade and cut my loses on my first trade ending up with profit. "How you manage your correct trades makes you a good trader. But how you manage your bad trades, that's what makes you an excellent trader" - Joseph Nemeth
by ashleybolder
EURUSD - 60min @ supportEven i have my long position setup on the Dayli, i would like to show you this setup. Price price produces a slanted coil (small one), washes out the stops above and below and finally resumes the main trend. Here we even have a nice support zone (green), where it is super nice to enter. I allways put my stop below the stop running spike, or on bigger scales even a pivot lower. Nothing works 100% as we all know. But it is also important as a fulltime trader to TAKE opportunities when they setup. Because in the end, trading is a numbers game, where it's base comes from chances. And the chances are the setups we have, and which we shall backtest and verifiy biy stats! Because these stats are the only thing we can lean on in the long run. P! Take the Basic Action/Reaction course for free: mytradingcoach.teachable.com
Long
by Tr8dingN3rd