Risk Management: How to Enter and set SL and TP for an Impulse

2020년 8월 24일

Risk Management: How to Enter and set SL and TP for an impulse move in the market ?

Hello everyone:

Here is an educational video on how to enter and set SL and potential TP for an impulse move in the market.

I will go over the different entries you can enter to capture the move, and I will also go over Risk Management at the end since it works interrelated with your entries.

3 type of entries to capture an impulse move
(not all of them will happen, but sometimes 1, all, or none)

Reversal: Top/bottom of the continuation structure, candlestick/reversal structure on lower time frame (High Risk, High Reward)
Breakout: Price break out of the continuation structure (Low Risk, Low Reward)
Correction after breakout: Enter in lower time frame (30Min/15Min) continuation correction (Medium Risk, Medium Reward)

Risk Management is important to your entries.

-Your #1 thing is to not lose money. It's not about gaining so much $/% in a month, but learn to control your trades and risk to be successful in the long run.

-15-20 trades per month
-Minimum 3:1 RR on every trade
-Risk 1-2% account per trade

-Understand that, this is my risk management, and how I would approach the market. You would adapt to your own style of trading, and you will then continue to work on this part of the management.

Thank you