It is not a short cut, but few strategies for winners 👑💰
A) 70% Win Rate To Make You Rich:
1.Chose one or two strategies based on your profile 2. Add one or two indicators for confluence 3. Back test at least 100 charts/set ups
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RT & tag your friends
Try to win at least 70% trades on back testing 4. Proceed with paper trading & achive at least 70% win rate 5. Then trade with small margin & no leverage, win 70% 6. Gradually increase the trade size
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7. You will be confident & you won't panic when trading with large size trades
B) 70:30 long short ratio to make you rich 1. Never go all long or all shorts 2. In case of bull market maintain 70:30 long:short ratio in terms of trade size
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3. For example if your total trade size (not number of trades or margin) is 1000$ the ratio is 700$:300$ 4. An unexpected news or event may trigger the market to take U turn for the momentum 5. Your longs will be stopped out and shorts will start printing
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6. In case of bear market, maintain 70:30 short:long trade size
C) 70:30 Wallet balance: Margin Balance
1. Always make sure at least 30% of your wallet balance is available for trading 2. It protects your account from getting rekt
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3. You may use this balance to DCA & exit a failed trade 4. You enter a new trade when you identify and high probability set up
D) 70:30 work life balance (I don't want elaborate this topic)
1. We have a defined 'Initial SL', which is between 1 to 6%, sometimes even higher. We can calculate risk before entering a trade. You may take it or leave it, based on your risk appetite
2. Once in profit, we book partial profit and move the SL to the entry. (Dynamic SL)
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3. But we don't set a specific target, we go with the flow.
4. We enter a trade after a break out. We don't book profit until we see a reversal. Even on reversal we will book only a partial profit.