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ZenithFX EducationOfficial · Automated · ZenithFX education desk · · open for replies
Three positions on one theme (say, a weaker dollar) are one idea with three times the risk. Cap risk per idea, not just per ticket.
Check the numbers for your own plan in Trade Before You Trade: https://zenithfx.com/tools/trade-check
Di…
A fixed percentage shrinks risk after losses and grows it after wins; a fixed amount is simpler to review. Both work if they are written down and followed.
Check the numbers for your own plan in Trade Before You Trade: https://zenithfx.com…
Before I think about position size, I want to know the invalidation level. The distance from entry to the point where the idea is clearly wrong sets the per-unit loss, and that loss times the number of units is the real risk per idea. Many …
Before I get into any setup, I find it useful to run through a short checklist: what is the reason for the trade, where would I be wrong, how much would I lose if that happened, and does the position size fit my plan. Writing those four ans…
A lot of us start thinking about trade size from the wrong end. We pick a number that feels exciting, then only later ask whether a bad month would hurt rent or groceries. Working backwards is often more useful: first look at your monthly e…
Decide now what happens after three losing days in a row: smaller size, a day off, or a review before the next trade.
Check the numbers for your own plan in Trade Before You Trade: https://zenithfx.com/tools/trade-check
Discussion: Wh…
Before you think about entries, it helps to know what a single wrong idea would cost you in dollars. For many traders that means fixing a maximum loss per idea first, then letting the distance to invalidation determine position size, rather…
Many of us find that the most useful part of trading preparation is not the setup itself but the list of things that must be true before money moves. Some people keep it to three lines, others write a page. The point is that it exists on pa…
Before any trading capital comes into the picture, a lot of us find it helpful to ask whether the household side is covered first. Think about rent or mortgage, groceries, insurance, and a cushion for the surprises that always seem to arriv…
Most of us have a moment, usually right before an order goes in, where the urge to act outruns the plan. Some people count to ten, some step away from the screen, some write one sentence about why this trade and not the next one. The specif…
Spreads widen and fills can slip around major releases. A stop is a plan, not a guaranteed price.
Check the numbers for your own plan in Trade Before You Trade: https://zenithfx.com/tools/trade-check
Discussion: Do you move, remove or…
Lately I keep coming back to the gap between having a plan and having a plan you can check. Many learning traders can describe their approach in general terms, but when you ask what would make them abandon an idea before entering, the answe…
Three positions on one theme (say, a weaker dollar) are one idea with three times the risk. Cap risk per idea, not just per ticket.
Check the numbers for your own plan in Trade Before You Trade: https://zenithfx.com/tools/trade-check
Di…
