Get started

Management

OIL UKOIL BCOUSDPlease find information in the chart bubbles. good luck and have fun trading! always focus on money management. you can take a lot of 1% losses but your account can only handle a view big losses, right? when you lose 10% e.g. 1000$ of your 10k account then you have 9000 left. the next 10% risk trade is only 900$, so the potential winning gets smaller, too. after that 2nd one being stopped out again you have some 8100$ left! risking again 10% of that is 810$ risk for the 3rd trade. now this one needs to be more than -more- than a 1:2 winner to get you back to breakeven. if lost you have some 7300$ left. with again risking 10% (730$) in the 4th trade this one need to be a 1 : 3.6 winner to get you close to breakeven... hope you see the point. in addition: think of your psychology. what does it do to your trading style when you started with 10000$ account and you only have 5000$ left? are you panicking? are you still trading your proven strategy? are you averthinking things and switching markets or strategies or rules? a good chance you will do stupid tings like that, right? ;)
OANDA:BCOUSDShort
by ernstschwarz
2
AUDNZD: Trade Update / Risk LessonWhats up guys? This idea is correlated to the one linked below. The difference between those two is the two yellow boxes. In the first i counted the first level as yellow box wrong and so the trade made another move down. I just wanted to give my follow traders a quick update about how the idea now looks with the correct two yellow consolidation boxes. We do not expect price to rise before another move to the downside. And yes we are still in the trade, which is linked below. Remember using always something between 1-2 percent risk keeps you long term in the game and also protects you from these mistakes. I am only 0.5 percent in drawdown from this trade!
Long
by darian_fx
Possible EUR/GBP Short!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-2 Weeks Actions on - A – Activating Event Currency Pair in the move to create a Double Top . B – Beliefs Currency pair will move north to the @0.8928 to the @0.8959 area. Followed by a south move to the @0.87 level. FX:EURGBP Trade Management Entered @ Still waiting for confirmation and for the double top to form Stop Loss @ 0.8959 Target 1 @ 0.882 Target 2 @ 0.87 Risk/Reward @ 3.5:1 & 8:1 Happy trading. Will let you know closer to the time if or when executed:) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
Core rules to trade with Sinewave & MomentumHope this educational content will help you make a better use of the indicators. Remember that these rules are just ground rules. Positions sizes and stops positionning will depend on your own risk profile. This is up to you to find your comfort zone on these parameters. Indicators used in this video are : PRO Sinewave & PRO Momentum Don't forget to hit the like/follow button if you feel like this post deserves it ;) You can check my indicators via my TradingView's Profile : @PRO_Indicators Kindly, Phil
BITSTAMP:BTCUSDEducation
by PRO_Indicators
25
Stop Management using trend linesFirst I determine the gradient most important in the currency. I then look for parallels to this. I will enter when I get two touches on the line . I wait for the close price, to make sure that price does not spike down through the sloping line. (No Entry) Depending upon market activity I adjust my stop when price moves up to the next parallel. The closer the stop the more likely you are to get stopped out. Before I entered the trade above I must decide a number of things Is it better to hold BTC or another currency? Should I choose EOS or BCD? Note BCD outperformed EOS by a large margin Does it have a pattern that I can use to trade? Is my risk to reward greater than 5.? Will the entry happen when I am not at my computer? Can I actively manage the trade or will I be unavailable for a few hours? You can see why I exited this trade. The price is stair- stepping down along these ascending parallels. If is gains clear support I would once again consider an entry When traders have lost money in a currency, they often try to regain money in that currency. They then wait and wait for price to go back up. Then they say that there is a great team behind the currency and they are doing a big deal in two weeks that will change everything. Then they become a HODLer . They have changed the original intent of their purchase. On the other hand if you bought (with the PLAN of holding) ETH December 7 then in under 40 days you have 3.5X your value in USD I think that it is usually better to take a break for a few days. Then enter a different currency.
by a1Keith
Bitcoin: BTCUSD Stop management post breakoutBeautiful Bigger Bitcoin Stop management after Break out She grows like Alien and she's every bit as magnificent. Sweet flag with a low at 7885 (and another forming, just consolidation) so the hastily written update to drop the stop under 7850 hopefully kept any newer traders who unwittingly got sucked in at the high from getting stopped out. That was a nasty no-man's land break for a while there. Could only update on the crypto currency pages here showing this flag and praying for the break-out proper. Notice how once again there are just two touches of the lower parallel (showing it's hot, very hot) before it blasts off? For newer traders, that was a hair-raising hour there - hope you managed to buy on the first pull back rather than the top (if you bought at the top please go back and read the full mad narrative of this 2 week long chase after Bitcoin and check breakout trades) Anyway, hesitate to say it because it always feels like it can come back and bite almost any time, but this is a good breakout. The Chinese may well try to push it down on their open, but by tomorrow morning it should be considerably higher than 8000. Very unlikely to trade below 7850 now at lowest later tonight. Except for day traders, stops need to be left under 7800 for tonight, and even better, under the freezer lid level at 7717. We just have to get through tonight now for the bull case to hold strong and to finally toss away that key (if you're looking to hold for long term: no bad idea. Usual premise: wait until you see Bitcoin all over FRONT page of your hardcopy/old-fashioned newspaper and then start looking for that key again. Or trade it and perhaps make money either way. If you managed to play the triple play by the book, as laid out and managed to keep your stop under 7660 as advised you are now 350 points up so far, but super-geared after using the first profit as stop for the breakout trade - after a stultifying 34 hours we finally got our reward. Turns out that 7717 really was the freezer lid. Hesitate to say it but ....soon we can throw away the key and ride it awhile. Hope you've enjoyed the ride so far. This is just the end of the beginning for Bitcoin. There will be a lot of money to be made from trading this beast. Perhaps not from owning it: who can honestly say? But we can honestly make that claim if we trade it sensibly. It's the best fun. Even better than football. It's as good as Paul Pogba. Almost. Initial support at 8000, then 7860 and then major support at 7717-7000. Whilst above here Bitcoin is headed much higher.
BITSTAMP:BTCUSDLong
by sumastardon
2
Iconomi - a LONG story that nobody cares to understandDespite the fact that that ICN got no pump during this recent bull run on basically all the alt coins out there, the fundamentals have not changed, i'm still holding and i'm gonna do it until 10$ but that's not what most people want because it is at least 2 year away. Is funny how people are waiting for etf's here and there when they got a fund out of SEC approval right in their faces, ICN is not just a coin that sits in the portfolio and does noting, you can see it as shares in the company since your're going to receive weekly dividends ( to get them you have to hold min 42ICN in your ether wallet) ; this project is a bit more complicated at first glance because we talk about ICN, ICNx and ICNp which are 3 different things. And later on the OFM platform ( open fund management ) ------- The ICONOMI.INDEX FUND ( ICNx ) will reflect the development of the credible cryptocurrency market. It will be transparently managed and traded on major exchanges. ICONOMI.INDEX fund will include several thoroughly researched cryptocurrencies, including Bitcoin, Ethereum, Lisk, Steem and other major value tokens. The ICONOMI.PERFORMANCE FUND ( ICNp) will aim at high performance - multiplication of investment. It will be actively managed by a team of ICONOMI experts. The team will scout for propitious early investment I.C.O opportunities (crowdfunded startup projects and companies). Through the company-focused fund, everyone can become a venture capitalist, without any of the hassle and capital requirements. The ICONOMI Open Fund Management (OFM platform ) is a simple management tool where traders with knowledge and experience create their own investment funds. Investors, on the other hand, are able to invest even the smallest amounts, offering a clear overview of available investment fund managers and their current & past performance. The ICONOMI Open Fund Management (OFM) platform will disrupt the asset management industry. ------ This project is due to news in 2-3 weeks, ICNx is about the launch the beta phase, if people would do their research ICN would be at 1.4$ by now but at some point they will, it's inevitable, meanwhile is a screaming BUY.
ILong
by outboxvision
5