2023-01-18 00:24:05
MULTIPLE POSITIONS
If your account is big enough, instead of having 1 big position you can
have multiple positions. You will be able to take profits in stages and
then also have a chance to take deeper profits.
Take Profits after the first fast move or big spike (scalping). Usually
happens when trades jump into profits.
Take Profits after a deeper move into profits. Say at Take Profit 1 or
just before.
Lock trade with Stop Loss slightly above entry (in case of Buy) or
slightly below entry (in Sell). We always want to allow a good breathing
room so that trades are not stopped out fast. Keep adjusting the SL
(trailing SL) as the trade goes deeper into profits. See more notes on how
to trail below.
You can estimate Take Profit levels around support and resistance areas.
We may also hold until the setup is violeted and there are obvious signs of
reversal.
51 viewsSpike Catching Robot, 21:24
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