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Good Evening, Traders! I hope you had a great weekend! As we prepare for another week of trading, I wanted to take a moment and share some of my insights on how to use a time-tested formula for growth.
If implemented correctly, this formula will help you expand your trading account! While you aren't going to win every trade, you can make sure that your wins outnumber your losses.
By analyzing your trading habits in blocks, you can gain a better understanding of your success. The formula will also allow you to calculate your win/loss percentage in future trades. That's a critical step toward becoming a winner in futures trading!
But how does it work? Keep reading to find out! Trading is never viewed as simply one, two, three, or four trades. For you to have a better understanding of how the formula works, we'll call ten trades "one block". Keep in mind that you should always set a minimum of a 10-trade block to increase your chances of success. Placing ten or more trades will help you generate more profit.
Say that you see you're going to win double the amount that you lose, or you're trying to win $200 per trade. By fielding six trades, you'll get $1,200. With the formula mentioned above, all you have to do is double, triple, quadruple, or add more to your initial trade to win more profit in the end. So, for six trades, you might get $1,200, but you'll lose $400. All in all, you'll end up with a net gain of $800 for every ten trades. First, you'll need a strategy. You have to know how to find direction, where you need to enter the market, where to place your stops and limits, and more importantly, how to have fun while doing so. Keep On Trading,
Stay tuned for my next edition of Josh's Daily Direction.
And if you know someone who'd love to make this a part of their morning routine, send them over to https://joshsdailydirection.com/ to get signed up!
There is a very high degree of risk involved in trading.
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Minggu, 25 Juli 2021
July 25 | Is it time to adjust your trading formula?
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