Quality vs Quantity trades
May 21, 2020
March 28, 2020
Time your Entry
March 27, 2020
March 19, 2020
Solution Focused Trading
August 19, 2019
May 25, 2019
Finding your Trading Style
April 13, 2019
Have you chosen THE ONE?
The power of good Money Management Skill
April 11, 2019
March 13, 2019
Simplicity is the key to Success
May 9, 2015
June 13, 2016
Yesterday I have covered Nikkei 225 using our *PPTA trend analysis.
I shall do one for today as well, still using Nikkei 225.
Trend is still down -- Pink below purple belt, our focus should be to look for short opportunities.
This round, the example is using a slightly experience Nikkei trader using 6 lots for every trade entry.
Market open and immediately given a spring sell signal, unfortunately, this trade failed. Our traders are all using "hard stop" rule! This trader loss Yen 120,000 or ~US$1,056 for this trade.
Get ready for the next signal. Market gave us another spring sell signal almost immediate after the first trade being stop out. This time, this trader was rewarded with Yen 195,000 or ~ US$1,716.
From 7:45am market open to 10am, we have a total of 6 trades opportunities. Out of the 6 trades, 3 failed. What is the P&L?
This trader has a profit of Yen 150,000 or ~ US$1,320
Let's continue from 10am to 2pm. Still having the same focus. Pink below purple belt. Look out for short opportunities.
We can see that there are 5 short opportunities. Out of the 5 setup, 1 failed.
Total gain for this round: Yen 345,000 or US$3,036.
Total income for today: US$1,320 + US$3,036 = US$4,356
Morale of the story: Know the trend direction, swing in the trend direction. There bounds to have trades that get stop out and incurred losses. But that is part and parcel of trading.
May 2020 (1)
March 2020 (3)
August 2019 (1)
May 2019 (1)
April 2019 (3)
March 2019 (1)
February 2019 (2)
January 2019 (3)
November 2018 (2)
September 2018 (4)
August 2018 (2)