The price of NZD/JPY is bullish.
The price made higher high at 27 june 22:00 pm. It indicate bullish, so we have to wait price correction. (bullish correction) at demand zone
Currently, The price show engulfing at the demand zone of 1 h timeframe. indicate that the price will go up soon. (possibility) The risk reward is 2 which is good for long term trading.
I risk only 0.1 % of portfolio because my core portfolio consist of diversified strategies and assets that capture capital gain and monthly income for compounding.
The reason for risk only 0.03%
1) if i have to risk my principal on risk per trade model, i will risk very small amount, as i do not want any mental effect from losing. (it is hard to fix the mental problem, changing the process is easier)
2) If i have free cashflow from investing such as passive trading (grid trading), passive income (dividend), or Cashflow from previous trade. I will risk around 2% on that allocated budget.
For example, if i have gained 1000$ from dividend last month i use it on risk per trade portfolio and risk only 2% for ten times ( limit potential loss)
The price made higher high at 27 june 22:00 pm. It indicate bullish, so we have to wait price correction. (bullish correction) at demand zone
Currently, The price show engulfing at the demand zone of 1 h timeframe. indicate that the price will go up soon. (possibility) The risk reward is 2 which is good for long term trading.
I risk only 0.1 % of portfolio because my core portfolio consist of diversified strategies and assets that capture capital gain and monthly income for compounding.
The reason for risk only 0.03%
1) if i have to risk my principal on risk per trade model, i will risk very small amount, as i do not want any mental effect from losing. (it is hard to fix the mental problem, changing the process is easier)
2) If i have free cashflow from investing such as passive trading (grid trading), passive income (dividend), or Cashflow from previous trade. I will risk around 2% on that allocated budget.
For example, if i have gained 1000$ from dividend last month i use it on risk per trade portfolio and risk only 2% for ten times ( limit potential loss)