The price action that has developed has presented an opportunity for a long position at this exact price point I placed my buy limit order.
I am taking it to the top of liquidity on the opposite side of the order as my target.
Risk is small and reward is very high, just as it should be.
I am personally risking 4% on this setup for a potential 100% gain.
If you are on a funded account, you should definitely consider risking less.
The setups that I take are very low frequency. This is actually designed to keep my trading down to a minimum AND keep my trade setups highly selective.
I do this because I have found that sustaining loss after loss after loss on a day to day basis is not good for your trading account OR your mental health.
Trade with an open mind and free of any past trading trauma you may have developed on your journey.
It's a journey of you vs you. You only lose if you quit!
Happy trading traders :)
I am taking it to the top of liquidity on the opposite side of the order as my target.
Risk is small and reward is very high, just as it should be.
I am personally risking 4% on this setup for a potential 100% gain.
If you are on a funded account, you should definitely consider risking less.
The setups that I take are very low frequency. This is actually designed to keep my trading down to a minimum AND keep my trade setups highly selective.
I do this because I have found that sustaining loss after loss after loss on a day to day basis is not good for your trading account OR your mental health.
Trade with an open mind and free of any past trading trauma you may have developed on your journey.
It's a journey of you vs you. You only lose if you quit!
Happy trading traders :)
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 :)