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Moneymanagement

NZD/USD good short position as we all know that nzd usd was the most bullish pair of 2020. nzd usd broke psychological level of yearly strong resistance area 0.69800 and gone up with strong bullish momentum which we can confirm on monthly time frame . now market will go for a retest on that broken resistance turned support .in this scenario what we need the most is patience and only patience with discipline look for bearish confirmation on lower time frame and enter short with your own money management and risk to reward. always remember patience with discipline always pays patience is the key
Short
by Hamaitifx
4
NZD/JPY Sell opportunity nzd jpy was one of the most bullish pair of 2020.as we can see on higher time frame its over bought and going to complete the w formation of price axction as we see on H4 than market broke the strong trend line resistance and tried multiple times to broke but rejected. now market going back to strong demand zone of 74.000 as per Fibonacci retracemnt golden ratios look for bearish confirmation on lower time frames and enter short with your own money management patience with discipline can do the magic patience is the key
Short
by Hamaitifx
Successful trading is about managing risk, not avoiding it. Hello All, This is the first idea I am publishing in Tradingview and I decided to select the topic of risk management, specially after the dramatic increase and subsequent decrease on prices which we have seen in TLRY and other weed stocks this week, all mostly happening in 48 hours. If you just started trading and got involved on weed stocks, you probably been though a very painful experience because a lot of your precious money is probably gone. As trading becomes more and more popular, many new people join the market but without understanding the very basics of it and without considering risk management. If you are one of those new joiners, I strongly advise you to improve your knowledge about risk management. here some basic rules: 1. Set a stop-loss! 2. Position size = (risk*budget) How much money you invest. 3. Entry point : When to buy 4. Exist point: When to sell. To put it very simply, never buy a stock because it has gone up or sell one because it has gone down! I think the case of TLRY is a classic example of this. So, what I described here here is just very basic. You should and must educate yourself about risk management, otherwise trust me you will regret your experience as trader. PS: If you are new to this, I recommend you to read a very old but classic book about investment called "The intelligent investor" by Benjamin Graham. Let me be very clear that trading is not the same than investing. Which are you. really? Have a good weekend!
NASDAQ:TLRYEducation
by Jamie85
NZD/USD good short idea NZD USD was the most bullish pair of 2020 and broke the main monthly resistance which turned support now. also market found a very strong resistance area and rejected on monthly time frame and formed a dogi candle stick pattern now we can expect a retracement to the Fibonacci retracement areas which are mentioned down below look fir bearish confirmation and enter sell with your own money management patience with discipline always pays off the best patience is the key
Short
by Hamaitifx
2