🔰 Trading Defensively
• Proper Lot Size
Stop changing the lot size on each trade you take based on the ,, confluences,, your risk should be pre-determined and fixed.
Example you risk only 0.50% from your account on each trade
• Take Profits before News Release
Number one goal is to protect your equity, news can bring high volatility into the markets and random big moves. It is better to fix your profit or move your stoploss to breakeven before important news release
• Use Trailing Stops
Secure the profits and let your winners run, you can apply this strategy when you are already in profit and want to squeeze more from the trade
• Multiple Take Profits
Remember that a win is still a WIN, you dont need big profits to be profitable in the market. You need small consistent wins and over time you will see the difference
Was this information valuable ?
• Proper Lot Size
Stop changing the lot size on each trade you take based on the ,, confluences,, your risk should be pre-determined and fixed.
Example you risk only 0.50% from your account on each trade
• Take Profits before News Release
Number one goal is to protect your equity, news can bring high volatility into the markets and random big moves. It is better to fix your profit or move your stoploss to breakeven before important news release
• Use Trailing Stops
Secure the profits and let your winners run, you can apply this strategy when you are already in profit and want to squeeze more from the trade
• Multiple Take Profits
Remember that a win is still a WIN, you dont need big profits to be profitable in the market. You need small consistent wins and over time you will see the difference
Was this information valuable ?