"Rule #1: Don't lose MONEY
Rule #2: Don't forget Rule#1"
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*Dan's Rule:
- Max RISK 2% per trade.
- Max RISK 6% Capital per month.
- Return 1%-3% per month, 12%-36% annual.
- SET & FORGET
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Analysis:
Bigger Time Frame:
1. Weekly - DOWN - SELL
Trading Time frame:
1. Daily - Down -> SELL
Rule #2: Don't forget Rule#1"
-------------------------------------------
*Dan's Rule:
- Max RISK 2% per trade.
- Max RISK 6% Capital per month.
- Return 1%-3% per month, 12%-36% annual.
- SET & FORGET
--------------------------------------------
Analysis:
Bigger Time Frame:
1. Weekly - DOWN - SELL
Trading Time frame:
1. Daily - Down -> SELL
Trade closed: stop reached:
Ignore this Set-up