I will be dropping screenrecord on how to achieve this

The video is loading right now. We will continue when it fully loads

The video is taking forever to load so I'm gonna proceed with good rrr (risk to reward ratio)

Do you know you can take 10 trades, Hit SL 7 times take profit 3 times and still end up profitable? You don't need to win 8 trades out of 10 to be profitable. Just 3 wins is ENOUGH to make profit if u use good rrr. Let me show u how it work. Risk to reward ratio simply means the ratio of your SL compared to TP. For example if your SL is 1$, how much is ur TP? If your TP is also 1$ your trade is 1:1 risk to reward ratio meaning you are risking 1$ to make 1$. If your TP is 2$ then your RRR is 1:2 meaning your are rushing 1$ to make 2$.. if your TP is 3$ then your risk to reward ratio is 1:3 meaning you are risking 1$ to make 3$, you can have 1:5, 1:10, 1:20rrr, And so on and so forth.

I recommend nothing less than 1:3 rrr in all your trades any setup that gives less than 1:3 rrr don't take it. Here is my reason;

Using a 1:3 rrr on ten trades let's assume on each trade your SL is 1$ while your TP is 3$, if after 10 straight trades you hit SL 7 times that means you will be losing 7$ right? Then you hit TP 3 times it means you will be making 9$ at the end you end up making 2$ profit. That is the power of rrr. Even losing 8 trades straight you still have 1$ net profit. Now imagine having high rrr like 1:5, 1:10 etc?

With time I will be teaching you Strategies that promise 1:20 rrr eg Institutional trading strategies etc...

I'm going to send a screenrecord to further explain this.

If you are supplied a signal this is how to check it's risk to reward ratio

Another video is loading and that will end today's class. Hope you guys enjoyed it.

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Sorry guys this is a wrong video. Pls watch the next one

Good evening friends,
Today I will be talking about something very vital also related to trade management, because without it, you will trade like someone fetching water into a basket, as you are filling the basket the water doesn't stay; without this, your profits don't stay in your account, and on the long run the market will go against you and since the financial market is like a stream of flowing river, you get flushed out once your equity goes to zero and it keeps flowing, this is what happens to you without applying this vital part of trading and it's selecting a correct take protfit and stop level. Selecting a take profit (TP) and a (SL) is largely dependent on the trading strategy u are using different trade style comes with various take profits and stop loss set of rules. But all of them have thesame goal, to get you out of the trades when your trade idea or setup becomes invalid. Either in profit (TP) or in loss (SL).

I will be recommending a set of rules I believe can be applicable to most trading strategies in choosing take profit and stoploss.

1. Your stoploss must not be too tight so that your trades can have a breathing space. Setting a tight SL can make you hit SL too many times and at the end of the day you won't be profitable.

2. Your SL should be placed only at levels where your trades ideas is no longer valid. I.e your setups invalidation.

3. As newbie, DON'T ADJUST YOUR SL. IF ITS GOING TO HIT LET IT HIT. You must respect your stoploss. If you get stoploss hit too many times in a row then you should review and backtest your strategy

4. Your TP must be reasonable and realistic, don't put huge TP that price won't reach.

5. Put your TP only at a the level you believe price might want to start to go against you.

6. Ensure your TP is always larger than your SL (very important)

Having all mentioned above in mind, technically this is how I recommend you choose your SL:

Make sure your SL is below structure high or a structure low. Depending wether you are buying or selling.

This concept is best explained with a screenrecord...👇👇👇

While the video loads I will like to talk about another very important concept you should be aware of while setting your SL.

And this is stop hunt.
Stop hunt simply the process where the market makers target retail traders stop losses in order to fill their orders.

Have you ever wondered why your SL get hits and immediately market begin to go your way?

I will use Voicenote to explain further

The last thing I will talk about on this topic is trail stop.

But I will wait for the video and the voicenote to finish uploading before I proceed.

The video is still loading

The video has finally loaded. That will be all for tonight. Thanks for your time and have a good night rest.

Good evening everyone