most important i created a DOLLAR risk box, that shows me in realtime the current RISK (dollar risk =
range of last bar or
distance to swing high for shorts
distance to swing low for long)
this way i only have to wait for price to get to a double top and then enter with the
amount of contracts the box calculated with a 2% risk on a 10k account
this way too risky trades are avoided and proper position sizing is done
range of last bar or
distance to swing high for shorts
distance to swing low for long)
this way i only have to wait for price to get to a double top and then enter with the
amount of contracts the box calculated with a 2% risk on a 10k account
this way too risky trades are avoided and proper position sizing is done