Trading Signal
Long Position (EP) : 14.68
Stop Loss (SL) : 12.51
Take Profit (TP) : 19.02
Description
formed Turtle soup at D1 time frame. Trade setup with buy stop at previous low and place stop loss at new low.
Once the position was hit, place take profit above 2X of (EP-SL)
Money Management
Money in portfolio : $700
Risk Management (1%) : $7
Position Sizing
1 NEO = $14.68
EP to SL = 2.17 Tick
EP to TP = 4.34 Tick
So; Token size to open = 3.5 NEO
Expected Result
Loss = -$7.595
Gain = +$15.19
Risk/Reward Ratio = 2
Long Position (EP) : 14.68
Stop Loss (SL) : 12.51
Take Profit (TP) : 19.02
Description
formed Turtle soup at D1 time frame. Trade setup with buy stop at previous low and place stop loss at new low.
Once the position was hit, place take profit above 2X of (EP-SL)
Money Management
Money in portfolio : $700
Risk Management (1%) : $7
Position Sizing
1 NEO = $14.68
EP to SL = 2.17 Tick
EP to TP = 4.34 Tick
So; Token size to open = 3.5 NEO
Expected Result
Loss = -$7.595
Gain = +$15.19
Risk/Reward Ratio = 2
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