Binance Square
LIVE
LIVE
ENSIGN TRADING
--576 views
🚨 BREAKING 🚨 BANKRUPT CRYPTO EXCHANGE FTX PLANS TO OFFER FULL PAYOUT FOR CREDITORS PLUS COMPENSATION

🚨 BREAKING 🚨

BANKRUPT CRYPTO EXCHANGE FTX PLANS TO OFFER FULL PAYOUT FOR CREDITORS PLUS COMPENSATION

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
LIVE
@ENSIGNTRADING

Explore More From Creator

Current Risk /Money Management Assessment Capital size : $40 10% 40x10/100 = $4(margin) Number of trades : Capital size/ margin : 40/ 4 = 10 trades Margin: 4usdt Number of trades : 10 Risk to Reward = 1:2 Risk = 1 Reward= 2 R:R = 2 Lost = 6 Won= 4 Loss = 1x 6x 4= 24usdt Profit= 2x 4x 4= 32usdt Net Profit=Profit - Loss = 32-24 = 8usdt Total Profit = Capital size + Profit = (40+ 8)usdt = 48usdt Summary of my assessment: Capital Size : 40usdt Margin: 4usdt Number of trades : 10 R:R = 1:2 Margin type : Cross Margin Minimum Target : $4 Maximum Number of trades : 3 Kind of trader: Swing Trader Timeframe : 4hr and 1hr 4hr is my main timeframe where I will get a glimpse of the entire and 1hr is my entire timeframe so if I don't see any entry on 1hr I can flip to 15mins to pick an entry. Trading Plan : my trading plan will cut across the following criteria: *Trading strategy/ prowess * Risk / money management ie -Low leverage -Substantial margin -Fixed Risk : Reward -Cross margin * Trade management ie -Stoploss -Target -At a point I will move my stoploss to entry to break even and when I see price moving in my favour I will lock some profit and allow the trade to run . - Most importantly I will exit my position when my target is hit but if my target is not hit and it is remaining some few distances away from price I will exit base on confluences. * Psychology - I will manage my emotion properly and I will stick to my trading plan and be consistent with it .. - I will stick to the rules and guidelines from my trading plan so that my emotions won't take a better part of my decision..ie I wont be over exicted when I win a trade , I won't revenge trade ..I will be consistent with my leverage , R:R irrespective of the outcome/ condition of the market., I won't allow the money I want to get be my main focus cus I will be emotional attached if I focus on the money along the line ...Courtesy Mr OG.
--

Trending Articles

View More
Sitemap
Cookie Preferences
Platform T&Cs