Mark Mark wrote:Hello. I am trading using Tro methods.
Anyone who trades these methods can share important information related to these methods here.
I will also share my experience here.
Hey Mark,
Important Information.
1. Risk
2. Position Size
3. Stop Loss
If you understand what TRO means by risk...$ (money WILLING to lose PER trade)/Or you can use Percents. I use $$. So I say.."I risk $5 per trade."
I first look at my stop loss.
Then I look at my risk.
Then I choose my lot size.
Regarding Strategies.
Look at a chart. Every Candle..Daily, 4hr, 1hr, etc...Has an Open...a High...a Low...and a Close. These are observable and 100% true.
If you understand what I just said, every strategy that TRO has will make sense. Since you understand WHY the strategy is like that.
Price doesn't like wick Zones. Also observable, not 100% of the time, but enough to make money.
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Trading is guessing...otherwise you wouldn't put a stop loss.
Taking Profit will be difficult, depending on your psychological make up. (Greed, Fear, Hope, Etc...)
Trading is a numbers game. When you lose, be okay with it. Its trading.