5 Important Trading Protection Levels
No matter what stock, index, Forex or other markets you’re trading, every trader needs 5 protection levels.
Stop loss to stop yourself from furthering losses
Time stop loss to get you out of non-performing trades
Adjusted stop loss to lock in profits when the market moves in your favour.
Risk % per trade to only lose a certain amount of your portfolio
% of Drawdown before you HALT trading – when the market is not in a favourable environment to your strategy.
Short and sweet but VERY powerful to apply to your trading.
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Enjoy and remember…
You won’t need to buy or order another book on chart patterns and candlesticks ever again as I will be updating it very often and will let you know.
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