How to Enter a Trade
Okay you get your signal, then now what to do about it?
We recommend you to search about risk management in trading. First you need to understand the concept of what is an "R" in trading.
I will explain with a concrete example.
Let's say you have a $2000 deposit.
1R represents the risk you are ready to take in case of the position reach the stop loss.
It can range from 1 to 3 percent of the total deposit you have in your trading wallet.
Let's take the average value of 2 percent of the deposit. Not too safe nor too agressive.
1R = $40. (2% of $2000)
This is your stop loss.
It is always the same in all trades. Do not change it until you make minimum 2x.
1) Log in to your trading platform.
2) Select TRBUSDT.
3) Check if the coin is within the entry range.
4) Enter the margin (for example, $20).
5) Set the stop at the $100 TRB price - this stop should equal to your R: -$40.
If the stop is less, then increase the margin; if more, decrease it.
6) After setting the stop loss, you can place your take profits.
7) Only after that, you check the reaction of the coin at entry level and then enter the trade when trend is confirmed.
8) You apply your strategy to take profits and exit.
By following this method, you'll never lose more than $40 on a trade. 1R
Profit and loss are measured in the number of Rs.
If you earn $120, that means you've added +3R to your deposit.
If you lose $80, that's -2R accordingly.
When you make more than X2 to your depo, u can change your R value or keep the same R and withdraw some money.
Then, now you have to follow your strategy and take ptofits from the trade.
We highly recommend that you write all your trades in a journal. Then you can check what worked best to enter your position and adapt your strategy accordingly.
The information on this resource is addressed to an unlimited circle of persons, and is not an individual recommendation; It is exclusively informational and analytical in nature for our team own use, and should not be considered as a proposal or recommendation for the investment, purchase, sale of any asset, trading operations on financial instruments. It's your own responsibility what usage you will make about it. The views expressed reflect only the author’s exclusively personal view.
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