USDJPY-LOOK FOR LONG SIDE OPPOURTUNITY USDJPY-LOOK FOR LONG SIDE OPPOURTUNITY AFTER PULLBACK
must use SL for further trades in future.
JPYUSD
Advanced Trading With DataBase Part -2 #Nse #BseDefine Your Risk Tolerance and Goals: Before diving into options trading, assess your risk tolerance and establish clear trading objectives. Understand how much risk you’re willing to take on and what you aim to achieve.
Diversify Your Options Strategies: Spread your risk by using various options strategies. Consider covered calls, protective puts, and other approaches to safeguard your investments.
Set Entry and Exit Points: Determine specific levels at which you’ll enter and exit trades.
Having clear guidelines helps you avoid emotional decisions during market fluctuations.
Limit Maximum Risk Per Trade: When buying options, consider using debit spreads. These allow you to define your maximum risk upfront while still benefiting from potential gains.
Allocate Capital Wisely: Allocate a specific portion of your capital to each trade. Avoid overcommitting to any single position.
Diversify Across Underlying Assets: Spread your options positions across different stocks or indices. This diversification helps mitigate risk associated with individual assets.
Monitor and Adjust: Stay informed about market conditions and adjust your positions as needed. Be flexible and adapt to changing circumstances.
