I set first my daily loss (in %) when I enter on a trade.
And that % depends on a lot of things:
The account size.
The type of setup.
The market condition at the time the setup appears.
And how the day is going in relation to other previous trades.
And finally I try to set the TP at least equal to the risk.
But like my signature says: My system is simple ...
And that % depends on a lot of things:
The account size.
The type of setup.
The market condition at the time the setup appears.
And how the day is going in relation to other previous trades.
And finally I try to set the TP at least equal to the risk.
But like my signature says: My system is simple ...
POW!
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