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.