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@PedroMartins-gp2ei7 жыл бұрын
I`m mostly a swing trader. It took some time but this works for me. When my R/R ratio is 1:1 i move stops to break even, when it reaches 1:2 stops go to to 1.1 and so on. It`s the only way to catch those monsters that greatly improve my PL record sheet. I`m talking about swing trades with 50 to 100 pips risk, scalping is not my thing. Guess i don´t like to pay spreads... :)
@nomadmanbeats85925 жыл бұрын
in my case, i scalp.. i average about 6-7 trades a day. on winning trades once i see a 2/1 return in a very short amount of time, and i expect a pullback i take my profits. love your honest and realistic tutorials, always learn something from it!
@WoldsEndPhotography7 жыл бұрын
I don’t use a target as a stop but would use it to bring up my trailing stop tighter. So say it is approaching previous resistance I would tighten my stop so if it does once again fall back I would be out of the trade but if it goes through resistance I am still in the trade for new highs. I always think risk should not be based on the entry price but the current price so say I trail at 50 points that is always the maximum loss. I find stops are one of the hardest things to get right and I do use a mixture of techniques to find what would appear to work on an individual stock when looking at the chart. At the moment I am having to leave automated stops on my trades which is not ideal but works nearly as well as manually analysing charts and price action. This year it has worked better for US trades rather than UK. If day trading forex I will use automatic trailing stops but will move them in my favour while studying the chart. Thanks for your videos it helps me think about what I am doing and improve my system.
@GF861237 жыл бұрын
Hi traders, a very warm welcome to you. It amazes me how fast you say it (: Great content! Keep it up!
@mytz-m7d7 жыл бұрын
One of the most controversial and argued about topics among traders. If I'm trading in a highly volatile environment, my hard stop is a primary priority such that when the price starts to move above my risked amount (1:4 Risk:reward), my attention is already hooked in assessing the integrity of the move towards the target price. Usually when a weakness in momentum starts to appear plus oscillators are confirming it, I always get out and even if price rallies after the exit, I don't mind and no remorse at all. Sticking to and respecting the exit plan is more important to me than the opportunity loss.
@mytz-m7d7 жыл бұрын
Personally, if I see a fading momentum and oscillators are signalling the extremities, I always get out of a trade. I think this has something to do with marrying a trade set up with a certain entry filters. Since I trade in a lower time frame, locking in gains (even if that's still 60% away from the target) is my top priority. Just as equally important as setting first my hard stops. I would like to believe, the kind of time frame one is trading on is the best gauge for the "practical' exit strategy.
@AntranikDotOrg7 жыл бұрын
This is one of the hardest topics to figure out. I find the greatest solace when trading things I wanna accumulate being lately is to sell enough of the share to recoup my initial investment/principle amount, so that the rest is "free" and so in case it goes even higher, i can sell the rest later... or if it goes down, it doesn't matter, it's still technically profit no matter what.
@SmoothMentality937 жыл бұрын
Antranik DotOrg yeah but don't forget about commission
@velituncercolak70415 жыл бұрын
I think using trial SL is the Best. It allows you lock the profit and also catch the huge move if it goes on your favor.
@victoryaugustus13896 жыл бұрын
this is THE video !!! 10/10
@choup-channel6 жыл бұрын
Ratchet + Target work the best for me. Thanks for the nice info.
@elizabethbentley74086 жыл бұрын
Set a tick and trade active. If volume picks up up or down its easy to spot.
@Freedomtrader4565 жыл бұрын
i am 2 years in to trading, i know the stocks i want to trade i know what i am looking for intraday, this stage is where i am at now. sticking to a trade management strategy, , i have decided to take the hybrid approach and use the 1' time frame, shooting for a 1:1 target while trailing my stop loss up the 20 ema. I hope this works! thanks for making this video because it is confirmation for me that my approach is correct. thank you
@e.sanoop1105 жыл бұрын
The biggest problem affecting every profitable trader is not knowing when to exit a trade accurately. Should I exit my trade right now or should I hold my position for some more time. How do we accurately determine that the trend of today is nearing its end.
@robertquigley84674 жыл бұрын
Different outs for different trades. With scalping and day trading outs are simply when the indicators say the trade is most likely reversing. Swing trading involves an accurate thesis that has reached it's target or obviously will not work combined with price action. For example, I had a very large position that would have been held for a few years provided things went according to thesis. Once company performance faltered then price action dictated the out. Better to double your money then loose it all hoping thesis works out eventually. In trading every thing is fluid and in motion. When fundamentals and technicals line up then keep making money. When they don't make sense then split.
@lodersracing4 жыл бұрын
Great video, I am new to Forex and learning how to manage a winning trade 👍
@robin22925 жыл бұрын
Swing trading on I day/4H am using a combination of a trendline if a good one develops to help stay in a trade, steepening the drawing of that trendline if price accelerates in favour of the trade. Also in combination, looking for divergence forming on the 4H chart RSI which i would take as a signal to exit at least part of the trade, all the whilst ratcheting up the stop(s) behind obvious swing lows. Also like to have in place a predetermined fixed target for one part of the trade based on the particular configurations of the setup. If that gets hit then at least some profit is locked in, and can then use the other exit methods to let the rest of the trade run.
@SSEnrich4 жыл бұрын
If price crosses middle of Donchian line I am out. It means you will have to give away some of your gains, but that is better than exiting a large winner far too early. Also Parabolic SAR will give a good indication of when to exit.
@sparcx86channel424 жыл бұрын
get out before break even or losing. that's the lesson.
@dollarSmile216 жыл бұрын
Good video the hybrid approach seems the best. I'm struggling to let winners go when they reach a certain equity gain let's say 5 percent. I'd close and enter again on continuation sign.
@timur1muhammedov6 жыл бұрын
Great content as always
@nathanchris12746 жыл бұрын
For beginners , ithink this affects a lot to the emotional bias
@bulldogwoof69545 жыл бұрын
I like the ratchet method, employing that on some cryto trades which are just undergoing their first correction after a decent breakout. I want to ride this move out as far as possible and they are bloody volatile! Tricky to get trailing stops set up correctly on cryptos.
@kamiskam4205 жыл бұрын
I like to see trend break to invalidate my trade, or a failure to gain setup
@NeuroScientician4 жыл бұрын
How about one about "How to manage contradicting advices on the KZbin?" :D
@atiqfinance4 жыл бұрын
Target is a much better approach
@rajsingh-lr3nd7 жыл бұрын
Nice video
@mohammeda.7003 жыл бұрын
Time decay in Options make it harder ):
@michaelweening51714 жыл бұрын
I yust lost a trade that was 0.4 pip from my target. (3R) ended up to be a breakeven trade 😑
@AnujSang5 жыл бұрын
Keep a training stop loss AFTER the price has broken out of a congestion and rockets up ( like a 3 wave if you would like to imagine ) and then define your profits