How are risk free trades done (a simple way)🟢 How are risk free trades done (a simple way)
✴️ Rationale
The video shows how to take advantage of an incredibly famous chart pattern:
🥇 The TRIPLE BOTTOM chart pattern🥇
This pattern shows a strong support that have worked at least 3 times, and the video shows how to act when the 4th bottom is unfolding.
The video shows how trade RISK FREE avoiding the risk as soon as the market allows you to do so.
Step 1: Split
Use 50% of your money for the risk free strategy and the other 50% to Take large profits.
Step 2: Set up Stop Loss for both strategies
Both strategies should share the Stop Loss, usually around 3 to 6% and trying to use some previous minimum/maximum prices to adjust.
Step 3: Set up a Risk Free take profits
The first 50% of your capital will have more or less the same Stop Loss and Take profits. Both will be around 3 to 6% of the buy level. If the take profits is hit, you earn enough to pay for the Stop Loss of the other 50%.
Step 4: Find a reasonable Take profits for the returns strategy
The other 50% of your money needs a take profits far away of the buy zone, meaning that you can potentially earn more than 3 times the risk. So at least find for 10% targets, if that's not posible this is not a feasible trade, there is too much risk. Always check previous support and resistance levels.
Step 4: Enjoy
There are 3 outcomes:
1. Both strategies do Stop Loss and you lose around 3 to 6% of the amount of the trade.
2. Your Risk free trade take profits work but your return strategy fail. this is a 0 to 1% return.
3. Both strategies work as expected giving you over 10% return on average.
In the video you'll see opportunities in:
NYSE:OXY
🟢 +10% trade finished (risk free gains)
🟢 +10% trade finished (risk free gains)
🔵 0% trade finished (risk free)
🟢 +25% unfolding (risk free phase)
NASDAQ:DLTR
🟢 +15% trade unfolding (risk free phase)
The idea:
FX:EURUSD
🟢 200 pips trade unfolding (risk free phase)
The idea:
