High potential profits awaiting for you
تم تحديثه
Many new traders , even some experienced ones still make the cardinal sins of trading. They are eager to find out the holy grail of trading, believing it is the next indicator in town - the more sophisticated , the better it is.
Sorry, let me let the cat out of the bag. If you are the one selling the indicators, no matter what the price tag is, does it not tell you that you can make much more money selling it than to use it to make money for yourself ?
It is also not about being able to spot the right trading opportunity as in catching the lowest of low and highest of high. This timing of the market can be a hair pulling exercise.
Like in this case, for now , it appears that the bottom is in. I mean, it is already below 4, how far lower can it gets ? See example here. See how many times it breaks out from the bearish trend line only to return below it not once but several times.
That is my point - Say it goes to 1 dollar and you long 5.37, your paper loss is 4.37 for 1 contract.
Can you afford to lose that ? If yes, read on. Alternatively, if this is indeed the bottom (which we will know much later) and the price shoots up to 8.50, then you are in 3 dollars profit.
But, if you want to hold this for a much longer term and the price enjoys a nice bull run to say 11 dollars (conservatively), then your risk is only 4.47 vs a potential gain of 6 dollars.
As such, such kind of trade opportunity when it present to you, you must grab it as the risk is low and the rewards are much higher.
Over time, if you can spot 1 -2 of such trading opportunities in a month or so, you are going to make some good profits.
Hope this explanation helps in planning your trades.
Sorry, let me let the cat out of the bag. If you are the one selling the indicators, no matter what the price tag is, does it not tell you that you can make much more money selling it than to use it to make money for yourself ?
It is also not about being able to spot the right trading opportunity as in catching the lowest of low and highest of high. This timing of the market can be a hair pulling exercise.
Like in this case, for now , it appears that the bottom is in. I mean, it is already below 4, how far lower can it gets ? See example here. See how many times it breaks out from the bearish trend line only to return below it not once but several times.
That is my point - Say it goes to 1 dollar and you long 5.37, your paper loss is 4.37 for 1 contract.
Can you afford to lose that ? If yes, read on. Alternatively, if this is indeed the bottom (which we will know much later) and the price shoots up to 8.50, then you are in 3 dollars profit.
But, if you want to hold this for a much longer term and the price enjoys a nice bull run to say 11 dollars (conservatively), then your risk is only 4.47 vs a potential gain of 6 dollars.
As such, such kind of trade opportunity when it present to you, you must grab it as the risk is low and the rewards are much higher.
Over time, if you can spot 1 -2 of such trading opportunities in a month or so, you are going to make some good profits.
Hope this explanation helps in planning your trades.
ملاحظة
cnbc.com/2020/04/20/oil-markets-us-crude-futures-in-focus-as-coronavirus-dents-demand.htmlMy oh my, 20% in a few hours, can you believe it ?
Now that we are revisiting the 3.99 level , will it rebound or continue to break down ?
ملاحظة
Like USOIL, this ETF has plunged down too. Let's see if the support at 3.99 can hold or will it be broken down further ? This is crazy time, so be cautious in your trading
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