B&B Pattern. Trade setup with Stop Buy position (EP) at 63.50, Stop Loss (SL) at 62.50 and Take Profit (TP) at 64.30
Money Management
I have 17,000 USD in my portfolio. I can lose 10% of the port which is 1700 USD.
Position Sizing
1 Tick = $1000
1 Contract size need IM = $2,310 (I can open not more than $17,000 / $2,310 = 7.35 Cons)
It is 1 Tick from EP to SL, with 1 Con, I will lose 1 * $1000 = $1,000
To lose 1,700 USD I need to open 1,700 / 1,000 = 1.7 Con
Then I will put 1 Contract
Money Management
I have 17,000 USD in my portfolio. I can lose 10% of the port which is 1700 USD.
Position Sizing
1 Tick = $1000
1 Contract size need IM = $2,310 (I can open not more than $17,000 / $2,310 = 7.35 Cons)
It is 1 Tick from EP to SL, with 1 Con, I will lose 1 * $1000 = $1,000
To lose 1,700 USD I need to open 1,700 / 1,000 = 1.7 Con
Then I will put 1 Contract
Trade active
Order filled
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.