Follow this rule before making trade👇🏻
#If your expectations to get something from Trading then it is very important for you to follow My Risk Management ...
1). Use only 2% Portfolio on per trade.
What is 2% of portfolio risk?
2% Portfolio means if you take trade and it's hit Stop Loss or got liq you lose only 2% off your total portfolio rest 98% Portfolio will be safe Let's make more trade easy and clear.
Let's suppose you have 1000$ & you take 2% portfolio risk so it means your risk is 20$ only if your Stop Loss hit you lose only 20$ / 2% Rest Of 98% / 980$ Will be safe this strategy you can take no of trade with good Risk/Rewards ratio.
2). Always try to Book 70% Profit at my target 🎯 1-2-3 rest of position HOLD only with Stop Lose (SL) at your entry price.
3). Proper use of Take Profit & Stop Loss, DCA.
4). Move your Stop Loss to Entry Price after 2nd or 3rd Target.🎯
5). No fixed time for the signal because It's the market when i get any opportunity will share the signal.
6). WEEKEND OFF.
7). Don't Panic and Emotional.
8). If you use more than this in your trade you will be liquidated and loss.
9). Treat like a Business.
(B4Bilala)
#RiskWarning #RiskManagementMastery #StayStrong #FinancialFreedom2024 #B4Bilala