About this image :-
In this image you can see that this is the chart of XNG/USD and in this chart some consolidation is take place and than after some time market is start falling so today in this post we learn how to trade using don’t trade in first breakout. Welcome to this post and now keep learning and careful learning.
Why we need to wait for any movement :-
The answer is we need to wait for any movement due to right trade and profitable trade because if in the chart no any movement take place than if take trade so may be you booked loss due to this trade so if you want to book profit than you must be need to wait for any movement is chart.
How to find movement is coming or not ?
If you find movement is coming or not than you first to first see the chart and watch carefully and when price suddenly start up and down more and more as compare to before than we can say that movement is coming and if price suddenly not start up or down more it is just like before than we can say that movement is not coming.
What is the benefit of movement in trading ?
In the trading there are lots of benefit of movement and here movement is meaning by price movement and if price is not moving fast than you feel when our market is sideways that time we are facing losses so if we need to book profit in normal way than we need price movement is more in trading.
Why don’t trade in the first breakout ?
In this chart you can see that the first breakout in down side but if you are using stop loss than you can see that suddenly hit the stop loss and than second movement in up side than again hit your stop loss and than third movement in down side this trade is hit your target so we always saying don’t trade in the first breakout and don’t trade without formation of any pattern.
Why don’t trade without formation of any pattern :-
You can see our first image in this image second movement is upper side its means you can also say that price move in up side when you buy using breakout than you need to book stop loss otherwise your capital is zero and also you can see that after some candle a candle sticks is form this candle sticks name is evening star and it is a bearish candle when you trade using pattern than hit your target you can book profit.
How to trade safely with small stop loss :-
If you want to trade safely than you can see below image in this image you can see that this image is same pair ( XNG/USD ) and we trade late due to small stop loss and safely trade so you want safely trade than you can wait for pull back and when pull back form that time you can trade.
Why we take trade after some time :-
Because if you are new in trading carrier than may be you capital is very small and also you have very low experience that than your need is low risk trade and high profitable trade we you can skip you first trade and wait for pull back like this image you can start your trading after some time.
When we can trade during making candle or close candle :-
The answer or this question is if you and new in trading carrier than must you need wait for close your candle because in the trading lots of FOMO include due to FOMO you must need to wait close your candle when your candle is close and form new candle that time you can easily identify this candle is bullish or bearish.
What is low risk trade ?
When you are initial phase in trading that time may be you have low capital and that time you need small stop loss trade when your stop loss is low that is called low risk trade in you also have to know in low risk also low return so don’t expect more amount and also don’t focus on more profit you have to focus on process.
Learning of this post :-
There are lots of learning in this post like that you must have to learn what is movement in trade and here what is the meaning of movement and than you can learn benefit for movement in trading and than you can learn why don’t trade in first breakout and than if you are new in trading carrier than you must need to learn what is low risk trade and how to trade safely with small stop loss. There are some learning point of this post.
