WELL!! In this publication, I try to explain the process in determining if, hmmmm? Do I take profit and open shorts? if so, at what area do I enter said short? OR what if it falls into a correction? How will I know to be suspicious or not? Im scared to make a move!! Well DONT be my fellow kingsman!! Always keep this in mind.... If your day trading micros NEVER risk more than 1% of your trade, so set your stop loss levels accordingly. Or if your leveraging margin positions, same 1% rule remains in effect and you keep your leveraging bellow 65%. Don't stack 0.01 lot size, and remember profit is $1 for every 10 pips moves in the direction of a trading position depending on pairs, would be true trading forex though! FOR EXAMPLE: Instead of stacking 5\FIVE .01 lot size orders, just place a.05 and set your 1%stop loss. DONT RISK Having to many low lot size orders, will compound QUICKLY AND possibly clean your funds, If you had managed to forget to set your stop loss. Ive been there Kingsman, take my word for it and your own loss experiences. ALSO!! One last thing, you can use this live chart example to also determine TAKE PROFITS. Dont be afraid when day trading to ride them waves, active trades or not. You have to feel how they move right? Thanks everyone. I hope you appreciate the effort I put into this publication, and continue to follow me on Trading View and look for me, Kurt Montgomery (King Crypto) on other platforms! THANKS EVERYONE! Sorry if I missed typos, or a step or two. IM beat after this week of trading and its late at the time of this publication. Trade smart everyone!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.