217: PRICE ACTION KING: 30 Trades in 81 Candles, Here’s How… Al Brooks Explains
Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More)
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How Do You Exit and Manage Active Trades?
The first thing I think about on any trade is where do I have to put my stop. And a lot of beginners put stops that are way too close. In general I want my reward to be at least two times my initial risk. If the probability of making profit is really really high if I'm trading during a strong breakout I'm not going to get two times a reward equal to two times risk.
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