Sentences with phrase «just any rewards setup»

Not just any rewards setup, it is the world's largest hotel rewards program.

Not exact matches

Winning traders view each trade setup as just another execution of their trading edge, they then think about how to minimize their risk on the trade while simultaneously maximizing their reward.

When you begin to view each trade setup as just another execution of your trading edge and effectively implement position sizing and risk to reward scenarios, you will also be managing your emotions because you know your possible risk and possible reward BEFORE you enter the trade, you then set and forget the trade and therefore there is nothing to become emotional about.

With a potential reward of just over 2 points, combined with 1 point of risk, this setup still provides you with a decent reward - risk ratio of better than 2:1 (just over 2 points reward with 1 point risk).

Winning traders view each trade setup as just another execution of their trading edge, they then think about how to minimize their risk on the trade while simultaneously maximizing their reward.

Just a quick observation (based on successful long - term demo trading)... What you say about discretion regarding trade setups can be applied to discretion regarding risk: reward.

When you begin to view each trade setup as just another execution of your trading edge and effectively implement position sizing and risk to reward scenarios, you will also be managing your emotions because you know your possible risk and possible reward BEFORE you enter the trade, you then set and forget the trade and therefore there is nothing to become emotional about.

Know what your exit strategy is BEFORE entering the trade, if you are not exiting on a pre-set risk reward setup, than make certain you don't tell yourself that you will just «figure it out» as the trade unfolds, this never works.

Being patient while trading with price action goes something like this: you see what looks like a decent pin bar formation but it is going against a rather strong trend, because you know that this setup has a much lower probability of working out than a pin bar setup with a strongly trending market, you sit on your hands and pass it up, don't think anymore about it, even if it works out it does not matter because you just exercised patience, and you will be rewarded for it the more you use it.

Once you have this figure defined you then wait patiently for a high probability trade signal like a price action setup, once your desired setup forms in the market you then need to start thinking about risk, not reward just yet.