AMD, Set sell limit order with other cancels other for target/stop, still learning.
Position Size: 5% risk for 10k is 100 shares worth $1450.
Sell Limit Order: 14.5
Buy Limit: 13.0
Buy Stop: 15.0
Time Frame: June 29th
Position Size: 5% risk for 10k is 100 shares worth $1450.
Sell Limit Order: 14.5
Buy Limit: 13.0
Buy Stop: 15.0
Time Frame: June 29th
Trade closed: stop reached:
Its out
If you have $10,000, risking 0.5% of that is $1450, I only ever want to risk $50 per trade if it goes against me so I always know exactly how much capital is at risk. This method with 1:3 ratios, ladder entries, and trail stops makes a great setup for me personally.
Besides that I like the harmonic patterns because it was the easiest for me to understand and I knew I had to stick with something and just hone it out. I'm not here to be right or prove something, i'm just here to make money and live life so you got to be dry about these sorts of things.
Here is my calculator I use: stockbee.biz/position-size-calculator/