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Perfect Your Target /Stop Loss: The 50-50 Rule Explained
Your Target /Stop Loss: The 50-50 Rule Explained. Avoid critical trading mistakes with the Sonic System! Learn essential strategies for day traders and learn to analyze each trade before entering.
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🚀https://daytradetowin.com/roadmap/
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• Identify optimal entry points
• Set proper stop-loss and profit targets
• Use the roadmap for enhanced decision-making
• Implement effective risk management
The Sonic System offers powerful price action tools for scalp trading and futures trading. Don't overtrade - master the art of patience and precision!
Ready to elevate your trading game? Watch the full video to unlock expert insights on:
✅ Adjusting profit targets based on ATR
✅ Utilizing limit orders to avoid slippage
✅ Leveraging roadmap zones for better entries
✅ Balancing risk-to-reward ratios
CHAPTERS:
00:00 - Sonic Trading System Overview
00:51 - Using the Sonic Trading System Effectively
03:18 - Day Trade Nation: Getting Started Guide
If you are trading the Sonic System and have the Roadmap on the chart, what's really important is not to overtrade, especially because there are risks involved with trading so not every trade you see is going to be a winning trade so one of the mechanisms that I look for is to identify where I enter in comparison to the Target and the stop so in this case here this entry here to go long has a very small Target but a little bit larger of a stop so in a situation like this even though you can just follow the signals and enter long right where it says I always try for a better price.
For example, if you waited and got a few ticks better, it may be more of a 50/50 relationship to the long or to the short; something else you can do here in the back of the Sonic system identifies how much of a Target you want so, in this case, I'm having the profit at about 75% of the ATR but let's say that you want a larger profit Target let's say that you want to double that and you want to make that about one and a half times oops about 1 and 1 half times the ATR so really what you're saying is I want to have a Target that's larger than 1 times the ATR just a little bit larger.
#livetrading #ninjatrader #tradinglive #ninjatrader #swingtrading #tradingview
#livetrading #sonictradingsystem #nasdaq100 #financialeducation #nasdaq100
🏴 DISCLAIMER 🏴 Trading is risky, and most day traders lose money. Read the full Risk Disclosure: https://daytradetowin.com/risk
*THE LINKS IN THIS DESCRIPTION ARE AFFILIATE LINKS. I DO BENEFIT FINANCIALLY WHEN YOU CLICK THESE LINKS AND SIGN UP WITH PARTNERS. THIS IS NOT FINANCIAL ADVICE. NEVER INVEST MORE THAN YOU'RE WILLING TO LOSE. DAY TRADING IS VERY DIFFICULT, AND THE PERFORMANCE SHOWN HERE ON YOUTUBE DOES NOT PORTRAY COMMON RESULTS.
This content is provided by a paid Influencer of Interactive Brokers. Influencer is not employed by, partnered with, or otherwise affiliated with Interactive Brokers in any additional fashion. This content represents the opinions of Influencer, which are not shared by Interactive Brokers. The experiences of the Influencer may not be representative of other customers; nothing within this content is a guarantee of future performance or success.
None of the information contained herein constitutes a recommendation, promotion, offer, or solicitation of an offer by Interactive Brokers to buy, sell or hold any security, financial product or instrument or to engage in any specific investment strategy. Investment involves risks. Investors should obtain their own independent financial advice and understand the risks associated with investment products and services before making investment decisions. Risk disclosure statements are found on the Interactive Brokers website.
Interactive Brokers is a FINRA registered broker and SIPC member, as well as a National Futures Association registered Futures Commission Merchant. Interactive Brokers provides execution and clearing services to its customers. For more information regarding Interactive Brokers or any Interactive Brokers products or services referred to in this video, please visit www.interactivebrokers.com.
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