TO MAKE THE MOST MONEY WITH THE LEAST AMOUNT OF RISK3 Important Note
1 . TRADE THE TREND
- IF UPTREND (look for BUY only) - If direction is going up with higher high & Higher lows
- IF DOWNTREND (look for SELL only) - If direction is going down with series of lower lows & lower highs
- Watch out when price is in range bound. NON-TRENDING market transit to trending market.
- By trading near borderline, then apply "IF...SHOULD RULE"
- Decide if the risk of the trade is acceptable
- Sometime it is good to take profit if not anticipating the trend move
- Use stops and limits to enforce a risk/reward ratio of 1:1 or Higher