Take 2 minutes out your day to learn the exact process I use.
There are 4 steps, but most people only do 2 of them.
1: Environment
You make more money by trading less.
Identify your ideal environment by looking at these 3 factors.
a. Market structure b. Market sentiment c. Market news
2: Logic
Form a hypothesis: "I think x will happen because y"
This is the idea you will use in the markets when the environment is favorable.
3: Risk Management
Decide how you will trade your idea in the market while controlling your risk. (1-3% per trade max)
a. Entry b. Stop Loss c. Profit Target d. Risk (Position size)
4: Execution/Management
a. Stick to your plan b. Make changes based on new data
I'll share a real strategy using this format in my next post…
Felelősségkorlátozó nyilatkozat: Harmadik felek véleményét tartalmazza. Nem minősül pénzügyi tanácsnak. Szponzorált elemet tartalmazhat.Lásd a Feltételeket.
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