ImamShaheb
Valued Contributor
If it fails, we have SL at entry all the time. Maximum we lose is the fees.
RISK MANAGEMENT: Enter a trade with 5% loss as SL As soon as a position gets profitable move the SL to entry., especially in a leverage trade. If it hits it hits. There are other opportunities. But don’t watch the loss grow.
CAPITAL PRESERVATION: Whether you are in a spot or leverage taking out the initial investment is your primary goal. Once it gets to TP1, Take out %profits or the initial and let the rest ride
HOW TO STEP A STOP LOSS: I have had a decent success rate with this indicator for trailing SL . As the position gets profitable , I move the SL along using the same indicator..
