Based on my previous experience with price action, I see the market maker algorithm has given us a buying opportunity.
From this area, I believe a $1 stop loss is possible on Gold and I am running my target back to premium pricing levels.
Risk management is 1st when it comes to trading. No matter how tight you see my stop loss, NEVER OVER LEVERAGE!
Capital preservation and a high risk to reward will provide you with more opportunities to trade and more chances to compound your account.
I never have a stop loss more than 10 pips and never more than 20 points on indices. This ensures that my risk to reward stays as high as absolutely possible.
Never risk more than 1% per trade as this will give you 100 shots on any given amount of capital to grow your account with profits.
Thank you for reading and have fun trading!
From this area, I believe a $1 stop loss is possible on Gold and I am running my target back to premium pricing levels.
Risk management is 1st when it comes to trading. No matter how tight you see my stop loss, NEVER OVER LEVERAGE!
Capital preservation and a high risk to reward will provide you with more opportunities to trade and more chances to compound your account.
I never have a stop loss more than 10 pips and never more than 20 points on indices. This ensures that my risk to reward stays as high as absolutely possible.
Never risk more than 1% per trade as this will give you 100 shots on any given amount of capital to grow your account with profits.
Thank you for reading and have fun trading!
Seeking mentorship?
Join The Hyena Hut and learn exactly how I approach the charts. Contact me on Instagram if you have any questions :)
Join The Hyena Hut and learn exactly how I approach the charts. Contact me on Instagram if you have any questions :)