Dear Shubhadeep Bro
I have read your double your money in 40 trades..its really great ! which grows confidence & motivation to trade sucessfully..& it gives a faith, that its possible.
I have some queries about exit & MM plan
1) What's the minimum Risk per trade?
2) whats the minimum reward for exit?or if we TSL,should we book partial? or is it all-in & all out?
3)what should be our success rate?, or whats the minimum reward trade only should we take ? I am asking as my setup gives 70-75% success rate..but I dont know which trade gives 1:1, or 1:2 or more..so how we manage our Exit?
As if i take 1:1 reward, My Succeess rate is good..But if I ask 1:2 reward..may be some trade goes till 1:1.5 or less & hits stop? so even I am Right, I can be in a loss..
Or if I exit at 1:1 ,then I missed the trades which give very high r:r, but very few trades in a month
4) for doubling your money , do you add? or Do you compound your money? or risk is same ..as always 2% of capital..so that 2% is on original capital or you take more risk when capital increase?
I am still bother about my exits..please If you can suggest something?
Thanks
I have read your double your money in 40 trades..its really great ! which grows confidence & motivation to trade sucessfully..& it gives a faith, that its possible.
I have some queries about exit & MM plan
1) What's the minimum Risk per trade?
2) whats the minimum reward for exit?or if we TSL,should we book partial? or is it all-in & all out?
3)what should be our success rate?, or whats the minimum reward trade only should we take ? I am asking as my setup gives 70-75% success rate..but I dont know which trade gives 1:1, or 1:2 or more..so how we manage our Exit?
As if i take 1:1 reward, My Succeess rate is good..But if I ask 1:2 reward..may be some trade goes till 1:1.5 or less & hits stop? so even I am Right, I can be in a loss..
Or if I exit at 1:1 ,then I missed the trades which give very high r:r, but very few trades in a month
4) for doubling your money , do you add? or Do you compound your money? or risk is same ..as always 2% of capital..so that 2% is on original capital or you take more risk when capital increase?
I am still bother about my exits..please If you can suggest something?
Thanks