How To TAKE PROFIT & SCALE OUT Of Trades! (Basics EXPLAINED)💰
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- Опубліковано 15 вер 2021
- In this video, I explained how to use the take profit tool & how to scale out of trades with partial profits😁
I also answer questions like..
How does the take profit affect my risk to reward ratio?
How do take profit levels work?
Why is spread important when setting take profit levels?
What are the benefits of taking partial profits?
..and more!
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DISCLAIMER: This video is not financial advice, it’s for educational and entertainment purposes only. The information provided is simply based on my own personal opinion or knowledge. I’m not a licensed financial advisor so be sure to speak with your own financial advisor, and to do your own research. Any links provided help support the channel, where I may receive a commission at no additional cost to you. Also, trading or investing carries a large amount of risks with the real potential of losses. Past performances due not guarantee future results. Be careful.⚠️
Hey guys, quick correction- At 16:05 I meant to say that the R/R would be worse, so it would 1 to 2 R/R or less & not a 1 to 4👍🏼
simple but powerful illustration
Love your videos... Top explanations!
Thank you!
Please make a video on gann fans 🙏!!
My prediction...
At the end of 2021...
Matt fxs to the MOON...
1,00,000 SUBS...
Awesome content...
You rock bro...
Now THAT would be crazy!🚀 You’re awesome as well & I always appreciate the positive feedback 😎
I just came across your channel. Thank you for this clear explanation. 💕New subscriber here.
Thanks for subbing!
Can I get the link to your telegram community channels? I would want to be part of your community. Thanks
How do you take 50% off a moving trade. I'm using exness broker
This time, your sl on your short trade makes sense since you are keeping well above the structure. Your long entry sl was so wrong.
Why are you entering so late in the trade? The candle that you entered would be where i would be taking 50% of my position out. My buy entry would have been exactly 27 candles before your buying candle. Why you want to enter so late to the party, just analyse the screenshot of your chart and you will also understand the correct entry was far ago.
Again you are entering your short position so late. The correct short entry was 43 candles before your short entry. The place where you are taking shorts is filled with danger. Why so late to the party?
Wow, this is a sarcastic wow. The trade that you are showing, look at where you have put your sl. It is literally on the wick of the previous resistance. The market normally comes back to test that zone between the wick and the highest body and even breaches it slightly lower before again rallying up. Seriously, do you want people's stops to be fodder? This is wrong teaching.