GBPUSD LONG
Updated
Looking for a retracement point to enter in GU it's very bullish but that also means high volatility so gotta be careful and give enough room for the price to breathe. Lots of targets still to the upside that need to be hit before the price will be ready to drop if it decides to do so. Yesterdays entry didint even get close to activation dont want GU to leave without an entry on it.
January 0 - 0 + 0 pips
- N/A
February 1 - 0
- Xauusd: W + 340 pips, +17.5%
2023 is off to a good start grow with me and follow @Mr.Newmoney on youtube
$1000.00 -> $1,170.00
January 0 - 0 + 0 pips
- N/A
February 1 - 0
- Xauusd: W + 340 pips, +17.5%
2023 is off to a good start grow with me and follow @Mr.Newmoney on youtube
$1000.00 -> $1,170.00
Note
GoldJanuary 0 - 0 + 0 pips
- N/A
February 1 - 0
- Xauusd: W + 3,480.00 pips and counting, +17.5% (Risk $10 to make $175)
Growth: 3% - 17.5% Depending on how much of the move you caught
$1,000.00 -> $ $1,175.00 (+17.5%)
If this trade lost...
$1,000.00 -> $990.00 (-1.0%)
$10,000.00 -> $11,750.00 (+17.5%)
If it lost...
$10,000.00 -> $9,900 (-1.0%)
$100,000.00 -> $117,500.00 (+17.5%)
Loss...
$100,000.00 -> $99,000.00 (-1%)
(if you risked 5% on the trade
$100,000.00 -> $187,500.00 (+87.5%)
Loss...
$100,000.00 -> $95,000 (-5.0%) )
Imagine making $87,500.00 while risking $5,000.00 this is highly unlikely and risky $5,000.00 risk is a lot for a $100,000.00 account. In this Rare case though if you were to have risked the $5,000 and let the trade ride to the high it just made you would have been successful.
Risking $1,000.00 to make $17,500.00 should really open your eyes and help expand your mind of what's truly possible, If you master the art of trading you will never work a day in your life. Trading work is a hard skill to learn it better be hard to learn if You can make money whenever and wherever I want.
You're not always going to catch the whole move gather a plan and take profits and risks according to the plan. You just need to stay consistent and stop overtrading and overleveraging, The difference between a successful trader and a gambler is creating a plan and being disciplined enough to stick to it.
On any given trade your goal should be 3-6% if you hit that is fire, and anything more is icing on the cake.
1:3 33% accuracy to break even win 1 out of every 3 trades
1:4 25% win 1 out of 4 trades to Break Even
1:5 20% win 1 out of 5 trades to Break Even
1:6 15% win 1 out of 6 trades to Break Even
you could lose 5 straight trades and hit a 1:6 and end the week profitable
Start Balance $1,000.00
S: L - 1.00% $990.00
M: L -1.00% $980.00
T: L - 1.00% $970.00
W: L -1.00% $960.00
R: L - 1.00% $950.00
F: W +6.0% $1,110.00
S:N/A
We won 1 out of 6 so we traded at 16% and ended profitable by 1.00%
That's the beauty of Risk: Reward
Grow your account with me $1,000 ->$1,175.00 today with two more days left in the first week
2023 is off to a good start grow with me and follow @Mr.Newmoney on youtube
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