I share with you what is the most important question in trading, that you should be asking yourself.
Because it determines whether you will stay in this game for a long time, or be wiped out before you even know it.
The Most Important Question in Trading:
I hope you have enjoyed this week’s market analysis. As always, comments are welcomed and encouraged. Cheers!
Very good video as usual, like the trades you took, I had a short position on copper and long position on USD/JPY but my SL hit and closed. But atleast I am happy that it was not a bad trades because due to my risk tolerance I got stop out otherwise I can also be in profit. I will catch the next one.Thanks for the great presentation.
Great to hear from you again!
When you mentioned due to your risk tolerance you got stopped out…what you can do about it is to reduce your position size.
Your stop loss should always be placed at a point on the chart whereby your initial trade idea is invalidated. Not the amount of margin in your trading account.
Once you have the stop loss decides, you need to manage your position size so that risk is kept to a fraction of your trading account.
I hope that helps!
Really a good advice, I was making this type of mistakes a lot before, still marking few of them, I will be more cautious on next trade.
By the way I really like the new logo and the intro.
Thank you, took me quite a while to get them up 🙂
Thanks for the video. May what I know what is 1R or 2R in Trading?
Any difference ATR and 1R in charts?