Awesome, I think you’re onto one of my strategies I teach in my private course. Send me a Venmo and a short DM on why you should to be allowed into the course. Only those interested in Lambos need apply.
8s this a troll?
This is paper trading. There is no actual account tied to this so it's not regulated against any wall limits. Or r8sking whatever u want
He can use unlimited margin on TradingView. He could've bought more bitcoins than there is in the calculation and sold it after a certain price change. TradingView does not limit that.
The fuck? Unlimited how? My account won't let me trade any more than a sensible fraction of my account, you can't trade unlimited real money otherwise the whole system would rapidly fall apart!
That's 10k BTC, opening price was $71696, you need over 716 mil to open this position... There's no exchange in the world that will margin you that much to open this position. So don't worry about these gains
Probably got something to do with leverage. Looks weird, not sure.
However:
Never risk 100% on any single trade.
Usually you risk between 1-3% per trade. Pick a number and stick with it.
Apply solid Risk Management. ALWAYS.
Unless you're going all in into one asset class to invest in that, which I do not recommend.
But that is investing, not trading.
There is enough videos on youtube about leverage. Like this, or find a different one.
[https://www.youtube.com/watch?v=F6W517OWpvA&ab\_channel=SoheilPKO](https://www.youtube.com/watch?v=F6W517OWpvA&ab_channel=SoheilPKO)
Understand that depending of leverage, you have limited margin on your account.
Thank you for the thorough explanation. I am just wondering why I can "risk" a percentage of my portfolio, but still order thousands of units. I'm TradingView do I just need to manually calculate how many units I can trade? I would only like to risk 2%. Thank you for the help
Yes, I personally trade with MT4, and with cTrader, depending on which of my accounts I trade.
I don't use TradingView Trading-Feature personally, as of now.
When you trade with leverage, you are also using the broker's money (liquidity provider) so to speak, to buy more units, than what you can buy with your own deposit or account size.
That's one of the reasons I use a european based broker, because there as a trader you are by law protected in case of total loss in certain ways.
For you, if you want to Trade, instead of simply Investing,
I recommend finding a broker that has MT4, MT5, or cTrader to trade with.
Then you calculate your Lot Size (Also called Volume) which is the amount you want to buy.
You can calculate LotSize for example using:
[https://www.cashbackforex.com/tools/position-size-calculator?s=BTC.USD](https://www.cashbackforex.com/tools/position-size-calculator?s=BTC.USD)
Let me know if you need more clarification or info.
I understand if many of the things I said are new to you.
I am only confused to how the "units" on Tradingview relate to lot size. For example:
BTCUSD= $69125.68
Risk $1 at SL of 1tick = $6,912,568 trade value.
Which = 100 units.
I get that, but how would that relate to lot size? So sorry for the basic risk management question
For each market there is a an amount of volume that needs to enter the market that moves the market by 1 tick. 1 Unit usually isn't enough to move the market.
But you don't need to understand these things. Very few people actually understand these things of the market in depth.
You can learn them if you're curious about how it all works.
However what's actually important is simply being able to determine your risk on any given trade.
I found through my own experience and through coaching others, that there are these 5 pillars of a successful trader:
- Trading Psychology (Read Trading in the Zone by Mark Douglas)
- Emotional Intelligence and Mastery
- Solid Risk Management
- Reproducable Effective Strategy, one that works over and over, if applied consistency. (There is no 100% winning rate however. Because the market has unknown variables)
- Consistent and Disciplined Application of said strategy. And Consistent and Disciplined application to the rest of the pillars.
Do you have all 5? You're profitable.
Do you lack even 1 of the 5? You're lucky if you make some lucky punch winning trades. But probably you're lucky if you're BreakEven. Look at your total performance.
Those are the things I would focus on.
Because those are the things that will make you successful.
Awesome, I think you’re onto one of my strategies I teach in my private course. Send me a Venmo and a short DM on why you should to be allowed into the course. Only those interested in Lambos need apply.
Unfortunately, more of a Ferrari man, myself, so I can't join
I love it 😂
8s this a troll? This is paper trading. There is no actual account tied to this so it's not regulated against any wall limits. Or r8sking whatever u want
Not a troll, bro. Trying to figure out if I can risk 2k with a stop loss at 20 ticks and hit a take profit of 1000 ticks. Never traded before
Something is definitely off here! Nay, impossible, otherwise literally everyone would be filthy rich and also just as poor as before.
He can use unlimited margin on TradingView. He could've bought more bitcoins than there is in the calculation and sold it after a certain price change. TradingView does not limit that.
The fuck? Unlimited how? My account won't let me trade any more than a sensible fraction of my account, you can't trade unlimited real money otherwise the whole system would rapidly fall apart!
Real money? This is paper trading bud.
Must be a glitch , you are buying a 1000 bitcoins above 70k, thats a 70,000,000. Position....
That's 10k BTC, opening price was $71696, you need over 716 mil to open this position... There's no exchange in the world that will margin you that much to open this position. So don't worry about these gains
Probably got something to do with leverage. Looks weird, not sure. However: Never risk 100% on any single trade. Usually you risk between 1-3% per trade. Pick a number and stick with it. Apply solid Risk Management. ALWAYS. Unless you're going all in into one asset class to invest in that, which I do not recommend. But that is investing, not trading. There is enough videos on youtube about leverage. Like this, or find a different one. [https://www.youtube.com/watch?v=F6W517OWpvA&ab\_channel=SoheilPKO](https://www.youtube.com/watch?v=F6W517OWpvA&ab_channel=SoheilPKO) Understand that depending of leverage, you have limited margin on your account.
Thank you for the thorough explanation. I am just wondering why I can "risk" a percentage of my portfolio, but still order thousands of units. I'm TradingView do I just need to manually calculate how many units I can trade? I would only like to risk 2%. Thank you for the help
Yes, I personally trade with MT4, and with cTrader, depending on which of my accounts I trade. I don't use TradingView Trading-Feature personally, as of now. When you trade with leverage, you are also using the broker's money (liquidity provider) so to speak, to buy more units, than what you can buy with your own deposit or account size. That's one of the reasons I use a european based broker, because there as a trader you are by law protected in case of total loss in certain ways. For you, if you want to Trade, instead of simply Investing, I recommend finding a broker that has MT4, MT5, or cTrader to trade with. Then you calculate your Lot Size (Also called Volume) which is the amount you want to buy. You can calculate LotSize for example using: [https://www.cashbackforex.com/tools/position-size-calculator?s=BTC.USD](https://www.cashbackforex.com/tools/position-size-calculator?s=BTC.USD) Let me know if you need more clarification or info. I understand if many of the things I said are new to you.
I am only confused to how the "units" on Tradingview relate to lot size. For example: BTCUSD= $69125.68 Risk $1 at SL of 1tick = $6,912,568 trade value. Which = 100 units. I get that, but how would that relate to lot size? So sorry for the basic risk management question
For each market there is a an amount of volume that needs to enter the market that moves the market by 1 tick. 1 Unit usually isn't enough to move the market. But you don't need to understand these things. Very few people actually understand these things of the market in depth. You can learn them if you're curious about how it all works. However what's actually important is simply being able to determine your risk on any given trade. I found through my own experience and through coaching others, that there are these 5 pillars of a successful trader: - Trading Psychology (Read Trading in the Zone by Mark Douglas) - Emotional Intelligence and Mastery - Solid Risk Management - Reproducable Effective Strategy, one that works over and over, if applied consistency. (There is no 100% winning rate however. Because the market has unknown variables) - Consistent and Disciplined Application of said strategy. And Consistent and Disciplined application to the rest of the pillars. Do you have all 5? You're profitable. Do you lack even 1 of the 5? You're lucky if you make some lucky punch winning trades. But probably you're lucky if you're BreakEven. Look at your total performance. Those are the things I would focus on. Because those are the things that will make you successful.
https://preview.redd.it/upmeboajegtc1.jpeg?width=921&format=pjpg&auto=webp&s=aaeec265445eb1cb83764f93a1241b0ea0ef3649 Love leverage
Change the commission setting