Trading Became Easy With This 1 Thing #trading

Trading Strategy - Key reversal areas are identified by big pushes in trend reclaims in conjunction with smart money concepts and trading strategies [1] - Entry points are determined based on initial responses and upward pushes [1] - Stop loss placement is crucial; it should be set below the breakup structure to invalidate the trend if the price moves against the position [2] - Taking 50% of the position off at a 1:2 risk-reward ratio locks in one unit of risk, securing some profit even if the trade reverses [2] - Reducing risk and taking small profits along the way helps smooth out the equity curve [3] Risk Management - Stop loss placement under the breakup structure is essential to invalidate the trend if the price moves against it [2] - Taking partial profits (50% of the position) at a 1:2 risk-reward ratio secures gains and reduces overall risk [2] Profitability - The trader highlights the potential for significant wins by being right only once, emphasizing the importance of strategic positioning [3] - The trader reports a profit of $2,100 over the past week of trading [3]