The 3 Steps To Risk Managment Using The Rocket Booster Strategy.The rocket booster strategy is something
i have been
practising since I started trade
journals here
on Tradingview.
It took me about about 48 hours and 48 days
of studying to master this
strategy in my brain it's very simple
but do not underestimate its power
I want to show you risk management.
On this chart is the rocket booster strategy
But there is a difference.
On the chart, I have shown you a buy-limit order
and a take-profit order.
Here are the 3 steps to risk management
and profit-taking
using the rocket booster strategy for this
stock NASDAQ:AMZN :
#1-Place a buy limit order on the 50 EMA or near it.
#2-Place a take profit order on the resistance
level measured by the Bollinger bands.
#3-Do not overleverage your position-
Use margin but not too much!
Now that you know I encourage you
to read this article at least 33 times
to master this strategy.
Rocket boost this post to learn more.
Disclaimer: Trading is risky you will lose money
whether you like it or not. Please learn risk management and
profit-taking strategies.
