Low Risk High Reward trade management.
This article is not about trade entry nor about any particular trading style. In this article i will just talk about trade optimization which will return you 10x to 20x times of your original reward.I know it seems nonsense, but bear with me. You will understand it in an instant.
I got few request from traders who have a very little capital to invest but wants to grow their account quick to a certain amount so they could make a living out of it. They knew about conventional trading approach where we risk 1%-2% of our account and gain reward slowly and slowly increases our trading capital in along run. But to make it fast, I had to think about a lot and did few researches but finally found a way where they could trade with the same risk but could increase their reward.
There are various method available in the internet under the name of scaling in, which will explain same type of topic but none have any fixed approach. They either risk too much or the conditions rarely hold true to trade. So i developed my own method and thought to be helpful and worth sharing with others.
To understand and apply this method. First you must have your trading style. If you don,t have any trading style, you can check out my other articles. Once your trading style is decided, you can apply this method. To use this method you will need a certain indicator i.e. heiken ashi.
Don,t get confused. I am not asking you to trade this indicator, what i am saying is this indicator will help manage your trade to increase your profit.
In next post i will discuss about the method.