All language subtitles for 2. Biscoito novo

is quite hard to do in reality
you know from a psychological

continue to do this and I'll
just leave you kind of a one

make sure that you are
constantly reviewing the data

final little tip and that is
that I would essentially

running at a lot of profit
price is obviously going to

and evolving your trade plan as
you grow as a trader so just

possible so this will give you
a repeatable process in the

money, so you need trade
management to be very simple

remove the risk on your trade
so either always partial at a

every time and that will help
you to achieve consistency and

an active job then you know
it's probably not likely that

between each trade when you do
so what I would advise is that

fits all when it comes to trade
management. What will work will

be different for everyone. So
that's why you need to spend

the time to find what suits
your strategy, what suits your

and mechanical almost so that a
robot can execute it for you.

nearest swing point on your
execution time frame or you

course your current lifestyle.
So if you are someone who has

your management strategy as
simple and mechanical as

see see what works for you so
hopefully that's kind of all

a little bit longer or you know
if you're entering you know

management approach and then
kind of your aggressive

want to literally just target
you know a fixed four R fixed

but kind of just to wrap up
with a few key points on this

five R be in and out and just
full TP right full trade volume

of taking a healthy amount of
volume off at the next next

going to need to be a bit more
aggressive so let's say you got

frame trend but pro your medium
time frame so let's say this is

and not even bother trying to
push it even further okay but

least you're still gaining that
experience and you know

know absorbing the the weekly
content that we're putting out

hard time frame pullbacks and
that can be very hard if you've

practicing holding trades for
much longer for much longer and

perspective in terms of holding
a trade with you know your full

you at least try to be very
mechanical in how you choose to

volume on each trade that you
take you know even if it's

recommend that you leave a very
tiny amount of you know trade

have to pull back right you're
going to have to have those

practicing you know that you
don't really care about then at

insignificant amount of volume
on you know when you're

this a little bit further but
what I would recommend is kind

and you know you might just
surprise yourself at how far

literally just nought point
nought one lots to so that you

strategy that is most effective
for you personally as you

whatever method you choose to
use just do it the same way

So you may need to devise
something that is a bit more

got your full volume on but if
you leave kind of just an

which obviously would be how
this would look here then you

know of course you can always
try your stop loss to break

countertrend approach and and
yeah try and devise some sort

scale your account size,
generally, the harder it's

flat by the end of the day but
of course others of you may

nearer swing high and try and
push a trade as far as possible

fix R or always partial at a
set technical level such as the

even once price you know hits a
certain level for example but

some of your trades will
actually run and obviously this

on so that you can prove it
works. Now, the more that you

can get experience practicing
and managing a trade long term

volume on for for a long time
because you know you can be

what is working and less of
what isn't and you will find a

which is where I would you know
take a healthy amount of volume

Now, when you're using
technical targets for your

reduce the chance of squares
and finally test test and test

stick to that same way every
time but I think it makes a lot

you know a decent amount of
volume off kind of near this

prefer to you know be a bit
more of a hybrid approach which

trade, there may be some
discretion and differences

you're just getting in and
playing those M 15 ranges being

that you are collecting and
very simply just do more of

going to be in your emotions,
right? As you're trading more

some more you will always
constantly be refining tweaking

90% of your volume at the
nearest sort of medium time

turn around and switch bullish
any point then you may just

up to the 4 hour swing high
then when we get up to the four

frame low and be really
aggressive and then maybe push

starting to make sense
obviously you know we will look

set and forget for example. And
as I said before try to keep

you can have a very active and
hands-on management approach.

market as something that is
easy to test and collect data

down towards kind of you know
this origin the mon zone and

at a lot more trade examples as
we go on and as you kind of you

psychology and what suits your
training personality and of

you can look for an entry in
here to get long and then you

specific management lesson.
There is definitely noone rule

too much yeah and just kind of
yeah just just experiment and

of your your pro-trend
conservative approach

could then be playing you know
within this next M15 range here

you know pro the M15 but
counter the four H obviously in

that high then you know
potentially the next day we

and then sort of try and swing
that remaining bit of volume up

is a bit kind of more similar
way that I trade at the moment

of creative ways but keep it
simple don't over complicate it

take off all of your volume by
the time it gets to that M15

you may just want to have one
management method and just

that kind of more pure day
training approach and you like

obviously if it's bullish I
want to target that week high

yeah I would definitely
recommend kind of having kind

more sense if you are someone
who is going to trade

M15 ranges but then try and
swing obviously if it's

nearest low so in this case you
may want to take off like 80 or

much nearer kind of the four
hour discount and price could

broken so that means you would
enter the trade and you would

London or New York session or
just by the end of the day so

short here right so this would
be counter the higher time

do nothing until this high is
taken and then once that high

swing high swing low and then
obviously when price breaks

and you know it's quite a big
range so you may want to swing

countertrend to kind of have a
slightly different approach for

the time of this recording is
that I like to have a fixed our

this case you know there's a
long way to go all the way back

price does reach here so that
you obviously can you know make

is countertrend trading now it
may be a bit simple or some of

any other last thing I do
want to mention before I forget

when you are trading
countertrend because you are

you can have you know a much
bigger amount of volume when

protrend you know try and swing
some volume up towards that

take off all your volume off
here right and then you just

is going to you know have a
pretty decent run well instead

and then you're playing that
next range for the day so then

hour swing high and we get that
four hour pullback the next day

the the the nearest way to the
way that I personally trade at

play the next M15 range and you
keep playing that until we get

stop to break even until say
your medium time frame high is

can start playing those
countergen M15 ranges right and

higher returns if price does go
in your favor and that's where

know always just play the M15
range, so you could literally

think about it if you want to
be a bit more of kind of that

want to leave your risk open
and actually just not move your

price breaks your execution
time frame high or maybe you

you know just trading a stop
loss to break even can be a bit

you have no positions left
running is you could just you

to be completely flat by the
end of the session you know the

to that four hour high there
now another way you can kind of

M15 swing high low right
whatever way I'm training

actually want to hold on to the
trade for a lot longer so that

what's the one beneficial or
the one benefit the one pro to

execution time frame so in
other words if I enter on the

at technical targets which will
generally be the next sort of

other you don't have to use a
combination of the both right

wouldn't recommend that but
that can work out and obviously

method but it's just to kind of
get your brain thinking just

method for initially removing
my risk and then I like to look

even once I you know break that
first nearest week high on my

more beneficial so you could
either do that you know when

kind of wraps it up right
hopefully that makes a little

so just kind of experiment a
little bit but yeah the kind of

is taken then you're happy to
trail to break even there okay

know your weekly your daily
your four hour so yeah that

the 15 second for example but
of course that could be you

doing that compared to
partialing out to break even is

going to trail my stopless to
break even now I personally

how technical targets can be
you can just use one or the

bit more sense you don't have
to follow that kind of exact

would be the M15 and the lower
time frame would be the M1 or

that when you want to you know
if you have a really high

poverty swing trade and you you
have high confidence that price

of taking off 20% of your
volume really early you might

time frame would be the four
hour the medium time frame

let's say you just wanted to
use technical targets well then

what you could do is you could
go I'm going to go to break

whatever that means to you so
you know in my case the high

Mone I'm as soon as price
breaks this Mone high I'm just

understanding how the fixed
hour can be beneficial and also

whenever I say specific time
frames right remember it's

amount off at the four hour
high now of course wherever

then going to take off X amount
at the end 15 high and then X

that mechanical as possible and
I would say you know I'm always

technical targets but that's
where I then again try and make

the the bulk of the remaining
volume that I have left in the

personally prefer kind of fixed
off for initially removing my

far and then after it breaks
structure it's going to pull

be cutting yourself short a lot
of the time or you you know 10

discretion is going to come in
a little bit when you're using

trade just because that makes a
lot more sense now obviously

risk and then I prefer
technical targets for kind of

back and then you could end up
you know not banking anything

R could be up here and then
you're trying to push price too

when you running quite a lot of
profit so that's why I

and then the next remaining
partials at 15 R that's good

because it's based on the
numbers but you know you could

I'm going to always going to
take you know partials at 10R

individual setup if that makes
sense so rather than just going

to the week 4 hour high okay
and that's kind of then how you

maximize your profit potential
but it's then tailored to each

can bring in those technical
targets to to kind of help you

going to try and swing that
remaining 20% for that 17 R up

your volume left and you can go
okay well on protrend I'm

there and then you've got I
think you know that be a 20% of

this can be a next decent level
to take I don't know let's say

60% of your volume off right a
decent amount of volume off

going to pull back or
potentially reverse right so

barrier is going to be that M
15 week high and it's a week

quite far so you can go okay
well the next kind of major

high right because it didn't
take out the swing low so this

is going to be the next good
technical target because what

do we expect after price is
going to break that it's either

everything's aligned actually I
want to try and push this trade

M-15 trend, you know the pro
the medium time frame I'm pro

my high time frame let's say
the four hour as well

targets then are a lot more
beneficial because then you can

go well actually now I've
removed my risk I'm pro the

set up slightly differently so
I think that's where technical

this this every trade is unique
right and it's always going to

because you know sometimes ten
R be here sometimes 10 hour

your high time frame and your
medium time frame you know all

could be here right it's all
going to depend on price action

some people but every single
trade is going to be different

how big the range that you're
you are within whether it's pro

every time that can work and
you know I'd recommend that for

going to be let's say I'm
going to take 80% off at 10 R

analysis to your advantage
because rather than saying okay

once you've removed your risk
now you can use your technical

I've taken 20% off a fourR now
my second management step is

component and the reason why
this is beneficial is because

bit lower and then continue
okay so yeah very soon let's

about technical targets now
right kind of the second

just say fourR we take off 20%
and then we can start to think

breathing room because
sometimes it will come a little

your advantage you know that
can give you a little bit more

you've kind of used the the the
partially break even method to

straight through but yeah who
cares and especially when

and of course there will be
times where it just smashes

and yeah just delete the risk
reward tool of your charts

this demand zone and then you
know ideally it will continue

reanalyse price C actually it's
probably just coming back to

do you've done all the hard
work you've stacked you know

now balls it up and let your
emotions get the better of you

back my profits going I don't
want to take a loss don't

want to take a loss actually
you can analyze price and go

most likely just coming back to
fill those new orders of near

fall where they're going to
fall let price play out let's

do whatever it's going to do we
have no idea what it's going to

where I entered so you know no
need to panic let the numbers

the the odds in your favor
you've executed your edge don't

price break structure we know
it pulls back and it's probably

created a a new demand zone
we've what do we know after

well what's happened we've
we've broken structure we've

fear and going oh god price is
coming back price is coming

what you'll actually notice
instead of sitting there in

neutral obviously don't forget
that you're in the trade but

just kind of look at it as if
you weren't in the and then

in the trade and that can
really help you to remain

look at price action and
analyze it as if you were not

loss up and just look and
reanalyze price like you always

know exit the trade at break
even or you know chose stop

want to delete the risk for a
tool of your charts and just

and sometimes you can get a bit
emotional about it right and

you can kind of have to fight
that urge to not either you

yourself being emotional where
you see your trade learning and

profit and then you see it
pulling back towards your entry

right this this is kind of
something you know if you find

way back to here tap into that
freshly created demand zone

sweeps that high right price
could obviously pull all the

frame high you then take off
your volume and then after it

obviously is price can come up
it can break that lower time

here rather than trading it up
because what can happen

out you are at net break even
but you get to leave your stop

20% of your volume that mean
that means if you're stopped

trade so let's say we get about
here you can then take off that

let's say for example that no
matter whenever you're you're

in a trade you wait until fourR
to take some volume of your

trading in the market so just
to keep things really simple

you've collected through your
testing and your live

I could start looking for
technical targets to start to

fixed hour method is one of the
best ways for doing that

out but it will just come with
testing more and more live

journaling to kind of figure
out what that best combination

is for you so this will take
time you know so figure that

your winning trades are
going to exit at fourR or 10R

right 20% of your volume you
then bank so then if price

rather than the gambler where
you kind of try and fix your

that is that could be you know
down here before the lower time

running so I as soon as I reach
fourR it doesn't matter where

generally most of the times is
not done on that kind of first

how I'm going to you know
initially remove that initial

comes down and it stops you out
of your remaining 80% of your

technical level but literally
just where am I running because

essentially protect my stop
loss so there's obviously one

enter a trade so IE let's say
over here I enter this trade

with the strategy then those
commissions really can start to

be purely focused on kind of
just giving you a rough example

here you know I'm I'm tagged
into the position now you know

of both sort of the fixed R
method and also using you know

broker but if your commissions
are quite high then you may

to manage positions. Um
potentially using a combination

for looking to take the trade.
Obviously this is just going to

what I found is kind of two
main benefits to that one is

that's why it's going to differ
every trade where four I will

in your favor if you kind of
just try and be the casino

module right of of trying to
stack that average PNL that

and and two secondly the the
technical side of things

which is even more important is
that you are you're just

order to you know depict how we
actually arrive at this point

playing you know everything we
learned in the trading and edge

you can start to really you
know use all of the data that

profit at this point you still
have full volume on the trade.

because you know if you if you
always you know that all of

the psychology side of things
you don't have to think about

and then continue in your favor
So let's look at kind of the

of you know aim for our trade
to run to and then to look to

I know what I'm doing just
really helps with emotions yeah

risk that I took to enter that
position so you know remove

odds as much as possible I
think doing the utilizing the

big swing sometimes it's
going to be a tight swing and

right but that's why you know
for me removing my wrist

case it would be here sometimes
it might be a lot higher up

out for a £800pound loss so
obviously that initial 800

mass side of things. So in
other words, you will always

to do that but actually the the
point I was trying to make

be sometimes four I will be
here sometimes you know in this

throughout all of the lessons
so far. I'm not going to

loss that you take when your
full stop loss is then hit

of how you can you know begin
to think about how you may want

were to then reverse against
you and actually hit your

quite high so generally your
commissions will be pretty high

and you know X amount of volume
at each of those levels then

percent of your profit and that
means you would bank 8hundred

combination of both fixed R and
technical targets is because

the trade volume and what this
means is that you have actually

the second method of setting
TPs or partial orders is based

average reward to risk ratio
combined with your strike rate

which then will net out to give
you a break even trade overall

because it it differs from each
trade you know it's just easy

say you're running about fourR
up about here you then bag 20%

strategy and something you can
actually execute with your

now one thing that you will
need to kind of pay attention

who trades with very small
stops your lot size will be

initial stop loss instead of
being stopped out for that full

used a fixedile method to cover
your initial risk but then you

because partials allow you to
remove risk without choking the

of your trade size. So would
you essentially close out 20

1, 000 pounds of your initial
risk you are now only stopped

different ways in which you can
devise a management strategy

a set of equal highs or lows or
whatever what do we expect when

was the Mone time frame right
sometimes this is going to be a

I personally like to use fixed
R for that initial kind of

loss so that if price then you
know goes in your favor right

trade risk and essentially
break even a position you're in

personally or at least I
personally prefer using a

to look to potentially take my
full take profit or to take

make sure that you are still
net break even overall because

first step of my management
just to remove risk from my

volume that is actually a net
break even trade so the way I I

structural point whether that's
a swing high or a swing low or

or two ways you can do this
either you trail your stop loss

add up and eat into your PNL
kind of over the long run. So

risk. If your account is let's
say a hundred thousand pounds

always based on you know a
fixed amount of profit that I'm

frame you know high that you've
entered on so let's say this

technical targets because I
think you know I haven't

obviously break down all of
this price action again in

that makes most sense to you
that works in with your overall

remaining 80% of the trade
volume at the nearest weak M15

partials but actually what I
want do is I just want to know

volume at fourR that is then
cancelled out by the 800 -pound

covered your initial risk so
that you do not need to trial

80% of your initial volume
running left on the position

to your entry price now we're
going to talk about this in a

numbers behind this. So let's
say you close 20% of your trade

now after you've partialed out
this means that if the trade

stop loss to break even and not
taking any volume off is that

right? But this is where you
can then partial out 20 percent

simple as possible there is no
need to make it overly

want to pass out a little bit
more volume just so that you

price breaks at we expect a
pullback or a reversal as price

back once again to the infamous
sort of Utopian trade example

trade you know like how it can
happen you know if you simply

complicated sort of whatsoever
so we spoken about this a fair

up to break even or you can
take a bit of volume off your

areas in which you want to be
taking profit so these will

bit already and that's using
partials to remove your initial

pounds profit 20% of four grand
right now because you only have

and you risk one percent that's
going to be a one thousand

risk in a very mechanical way
the same time every time I

technical factors. This is just
purely based on sort of the

on technical targets so this is
where you are looking at price

obviously if price hits a fresh
stone we would expect some form

fills and sweeps at liquidity
right therefore these become

personally find it to be the
most effective management

the position. So for instance,
placing a take profit for the

tick over and kind of start to
think about all of the

annotating the strategy that
we've been looking at

at 4 hour profit you will then
partial out and close 20% of

kind of made it clear already
the reason why I would

your initial risk without
needing to try your stop loss

position at 10 hour profit
right now that's fixed hour but

So four times your initial risk
is 4, 000 floating profit

either be at unmitigated supply
and demand zones so those fresh

you to being prematurely
stopped out because what can

and it breaks down through them
and it hits your trade stop

could just come back a little
bit tag you up for break even

can use a technical target to
manage the remaining volume of

pound risk on that trade. Now
if you're running at four hour

might always partial out
20percent of your position at

volume when you're running at
four hour profit to cover your

set your take profit order at a
predetermined amount of profit.

happen as we know after the
liquidity module right, price

take profit or even just
partial profits there now of

this so let's say you are
taking a trade that is with the

you know if you do take quite a
lot of you know break evens

this means that you don't need
to try your stop loss and it

trade then after I've done that
so it's always obviously it's

what fixed R allows me to do is
it allows me to to remove my

thinking about those three
methods there now my personal

simple terms, you're
essentially looking to exit at

level that you entered before
it then continues so you just

final TP now the other benefit
to this management style is

to use in reality. Now, the
other drawback is that it

money as just using one full
take profit like the first

those three individual
management methods you know

method now this has nothing to
do price action or sort of any

and kind of you know quite
general advice to you would be

management in order to you know
be watching price and training

set you know those orders to
partial out along the way on a

volume to be partial out as
soon as you enter the trade so

current lifestyle but as always
try to keep it as you know

downside to stop you out, then
essentially that should be a

zones right or structural
points in the market because

predominant trend. So, training
stop losses can be quite hard

that you are essentially
looking to try your stop loss

it too it's just you know as
soon as it hits four hour boom

actually decide and know where
to set take profit orders or to

So for example, you might
always exit your full position

really consider using a stop
loss trail just for moving to

bearish trend change. Um so in
theory, you kind of, you know,

favor and it doesn't come back
to your to where you've trailed

action to decide where to place
your orders and you're

break even and not really
anything else I wouldn't really

initial risk. So that if price
then reversed and stopped you

management tools that are
available to us how do we

trade once it's running in
profit to then cover your stop

removing your risk this way
compared to just training your

to and consider more
specifically if you are someone

specific trade well there are
two main ways that we can do

you the of kind of paying
yourself along the way so that

your stop loss behind structure
or or you know zones as they

too now this of course you know
it's going to vary broker to

price then breaks that higher
low, right? It breaks the

poundprofit that you banked
when you closed out 20% of the

but as always that's just my
own personal experience please

or the second method with using
partials I would kind of only

targets and a very basic
example could be something like

will pull back a little bit to
kind of you know around the

essentially asking yourself you
know where is price going to

advise trading a stop loss to
lock in profit as I don't

just try your stop loss to your
entry price obviously price

requires a much more hands-on
approach with pretty active

bullish and you are trading
behind the higher lows. If

this the first is based on
fixed art so the fixed art

use what works for you and just
keep testing and refining yeah

know let's say your trade is
running at four hour profit you

need to give it that room to
play out sometimes now an

position with the full volume
size of the trade so this is in

loss to take you out then in
theory you should be exiting at

you know trail your stop loss
to break even at some point

stop losses and one main
benefit is that you can move

you know you do want to bear
that in mind if you do choose

grab before then continuing the
move in line with the overall

risk but you're still leaving
your full trade size volume on

the way right when price
eventually does reach your

partial out some of your volume
to cover your initial risk then

swing high or low. So hopefully
now your brain is starting to

in reality, what you'll find is
this method can very often lead

that trend as long as possible
and then you should be exiting

course you can use combination
of both fixed our and technical

your stop loss because if price
does stop you out, you will

to manage this way so all of
those pros and cons across

obvious drawback to using
partials is that obviously when

to focus on using either the
first method so we got full TP

money compared to if you had
partial out some volume along

end and maximizing your reward
as much as possible. However,

or you know potentially even a
full loss another drawback of

actually be at net break even.
So what you have done is you've

of a reaction and likewise you
know when price breaks a

you know really great technical
areas for us to look at to kind

out. If it hit your stop loss
you will actually be net break

continuing again in your favor.
But if you had trailed your

enter on the Mone time frame
and then when price is running

you're kind of maximizing your
profit in that manner now kind

M15 trend right so pro the M15
trend and let's say that you

have bank some profit along the
way right now one of the other

the first sign of a trend
change, right? So if you're

your stop loss at your entry,
right? Then you will make more

at fiveR or you may always
partial a set amount of volume

the way back down and you know
stop you out for a break even

at a set amount of running
profit. So for example, you

you do hit a big winner and
price does reach your your kind

needs to play out in your favor
because a lot of the time price

ridden or you know, roads,
whatever the word is, to road

potentially pull back or maybe
even reverse and it's those

you've been parting along the
way so you won't make as much

they are not an exhaustive list
by any means whatsoever but

if price does not reach your
final target at least you will

in the market as they form so
that if price then breaks those

you will not make or sorry with
partialing I should say you

method you know compared to
taking partials along the way

they kind of are the main ones
that come to mind kind of

bit more depth in just a few
minutes but essentially you

behind key structural points or
behind supply and demand zones

of a downside and a negative to
using just one full TP is that

fourR profit and then the
remaining eight percent of your

getting there but when you're
just using one full take profit

market right so price will be
moving around the clock so you

sometimes price will pull back
to your entry level before then

throughout your trading career
so now we understand the the

this method is that you do not
cover your initial risk unless

like in the first method if
price hits that and obviously

you can start to lock in some
of that profit by trailing your

you combine this with the
trailing stop loss method and

you still have your full volume
on the trade at that point so

now once you're in it you can
just go you set those three or

a position that then went on to
be a big winner right so it's

stop loss to break even then
you would have been stopped of

of your volume at four hour
profit and this will cover your

close out an open position for
a profit. So, with the does not

your stop loss to break even so
you are covering your initial

major benefits to partialing is
that you can use it to cover

the point of expectational of
flow failing. So for more

can then partial out 20% of
your position so you close 20%

as that trend is coming to an
end, right? So, in theory, that

this first method when price
does hit your final TP you know

just allows you to give the
trade you know the room that it

your trade volume so that's the
second method and then the

off your position you know
along the way as price is

stop loss and your take profit
order and essentially just walk

even overall. Now the main
benefit of kind of you know

you are in a trade you can you
can basically just set your

effective and repeatable trade
management strategy but what

profit it's very simple you
know pretty mechanical in that

can just wick those structural
points or zones as a liquidity

form because remember FX is
obviously a twenty-four hour

stop loss is and it will
eventually stop you out of your

each of these methods with the
first method so just setting

off in that kind of set and
forget approach because once

that will say you know close
out 70% of the trade volume for

example you're in a trade once
it starts to move into profit

one full take profit order this
has the benefit of a very hands

full position for a profit now
there are some pros and cons to

micro pip of your TP and then
it could reverse and pull all

in that manner what it also
means is that when price does

you can end up giving a lot of
running profit back to the

comparison to say partialing in
the second method because with

you can obviously just set your
various TP levels with the set

predetermine how much volume is
taken off and this also gives

method. So, that then brings us
to the final method of trading

four or however many TPs you
want along the way and you can

market because price could come
within you know just even one

profit is hit or the position
then hits your stop loss the

your final take profit order
because you have taken volume

just placing kind of one take
profit order which completely

close 20% of your trade volume
for a profit and then you can

during the trade now in a
second method with using

management will obviously have
a major impact on both of these

to break even as they move
their stop loss around their

reach and hit your TP order you
are then closed out of a

or you will hit your full
target for you know your full

won't make as much money when
price actually you know reaches

quite near your entry so that
when price hits it you will

behind price in order to remove
your initial risk so this is a

should be a very effective way
of kind of riding trends into

partials this can also be a
very hands-off approach where

kind of you know you know
instead of you kind of just

away so in that case you are
either stopped out for a loss

stop loss you know even further
along with the trade before

trade volume so for example you
could set a partial take profit

entry price but then as the
trade runs further into profit

trading edge. So, we know the
benefits to nailing down an

second method is using partials
so this is essentially pretty

you can set multiple take
profits along the way to slowly

a profit and then a final TP to
close out the remaining 10% of

main tools at our disposal and
the first of those is using

you can then trail your stop
loss order into profit two

filled and the position will
remain open until the take

finally price will eventually
retrace to wherever your trail

final method is to use a
trading stop loss so for

of final target or your further
out targets then you will not

take profit orders. So, a take
profit order is very simply a

improve your performance over
the long run because it's

closes you out of the trade
with your full volume instead

does that actually entail? You
know, what tools can we use to

set your second take profit
further away from your entry

partial you out of your
position with different of

factors and therefore your
overall profit expectancy. So

the trade. So, this way, if
price does continue in your

type of order that specifies
the exact price at which to

much the same as using a take
profit order except instead of

you know, have as much volume
left on the trade because

reach the order price then the
take profit order does not get

that you know you actually
stick to your rules and you're

not deviating from your plan
and just end up taking you know

know you actually resonate with
so that it is congruent with

result of that that will lead
to your winners being far

actually let the trade play out
in your favor and as a direct

build such a management
strategy? Well, there are three

your own psychology that is
really going to massively

results by your positions in
pretty much the exact same way

bigger than your losers so then
you are tilting the numbers in

minimize your risk as quickly
as possible in an effective way

with your own unique trading
personality and it's an easy on

mastering change management is
going to give you a high chance

you to achieve high returns by
maximizing the potential reward

that doesn't actually choke the
trade too early so that you can

risk exposure and maximize your
potential reward that will be

approach to what is a random
market and it will also help

rate is then the higher your
average PNL needs to be for you

you improve your profit
expectancy via trade management

by not cutting your winners too
early and knowing how to

on average over the long term
that is a factor of both your

every single time because then
you are bringing a consistent

your favor and that is how you
develop a trading edge and how

strike rate and your average
PNL so the lower your strike

strike rate than the lower you
can get away with your average

decided by how you manage that
trade once you are in it. So

you know really common way for
traders to to move their trades

of achieving long term
consistency in your trading

PNL being in order to be
profitable. Now trade

profit expectancy so
essentially just a quick recap

trade is open so essentially
when and how the trader exits

once you are in a position
attempting to minimize your

to be profitable and obviously
vice versa the higher your

should be familiar with this
diagram and the concept of

the amount that you can you
know expect to make on a trade

to both minimize risk and
maximize the potential profit.

them. So what actually is trade
management? Well, it refers to

their positions. Now if you
have watched trading and edge

developing a strategy with a
positive expectancy then you

So it's a specific actions made
by the trader whilst a live

just **** trades that just are
not a part of your proven

the long term, right? So this
is where we're going to need to

everything a trader actively
does after a trade is executed

this is when your amygdala is
going to be trying to go into

going to increase your actual
adherence to your trade plan so

to really develop and test
extremely clear and simple

and then finally developing a
management strategy that you

module you know specifically
the lesson that is called

but know that that's not
going to help us make money in

fight or flight mode and it's
going to force you to make all

avoid those perceived pains and
in order to try and protect you

trade management rules so that
we can almost blindly follow

of those common trading errors
in order to try and help you

instincts are going to start
kicking in and you're suddenly

going to have this enormous
desire to just want to win and

be at their highest. Because
you can see your profit and

that you can repeat the same
way every single time. Because

inner caveman so all of a
sudden your your survival

actually in a trade this is
when emotions can really just

for most traders you know
myself included once you're

remember you know that money to
you is the risk of life to your

know your money on the line
pretty scary stuff right I

that trade whatsoever. You need
to have an extremely clear and

loss fluctuating up and down
and you've got risk there you

where you're going to exit your
position before you have even

executed that trade then
obviously you should not be in

you know relatively mechanical
way of managing your trades

price. Great. Now what? If you
do not know exactly how and

and you've now executed the
trade. So you are now in a live

in your trading account is
floating up and down with

see in your trade plan, and
your entry model has set up,

position with your capital at
risk and your profit and loss

area that you want to build
your trade idea around, you've

time frame story, you've
refined your zone to the exact

in-depth multi-time frame
analysis, you've built the high

then of course you can slowly
start to build from there.

ticked off every single piece
of compliments that you need to

So you've done all of the hard
work, you've performed your