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How to protect Capital & Use "SELL At Market" Option smartly:
- Instrument: Volatility Index 10 (Trading on Weekend if you wish)
- Trading Type: Rise/Fall
- Time Duration: 1 Minute
- Time Frame Analysis: 1 Minute
- Indicator Used: Bollinger Band
- Indicator Parameter: Default 20
We had trade that market will fall after 1 Minute. But after opening the trade in few seconds, we saw price rose to high. So It has maximum chance of being loser. So instead of losing the whole 100% its better to close it at 63% loss. At least we can save 37% of our investment on failed trade.
Hope its clear now.
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Sweet Spot Entries Examples:
- Trading Type: Rise / Fall
- Trading Instrument: GBPJPY
- Time : Asian Session
- Indicator Used: Price Action & Price Pattern
- Trade Duration: 15 minutes
- Chart used: 1 Minute
This kind of entries are best for trading it always has highest strike rate. As we are trading on minute chart, so bet time can be between 7-10 minutes. It was Asian session quiet slow that's why I placed 15 minutes.
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