As this is a period of strong volatility, it will be impossible to trade using the same stop loss as what you have been doing all these while.
Nowadays you can see that the price easily do a 100 pips movement which could easily stop us out. Therefore you need to know how to adjust your stop loss so that you can survive this period of strong volatility because I believe that this situation will continue for sometimes.
Using this way of adjusting my stop loss, it has allowed me to grow the account of my trade copier user by 67.2% this month so far.
If you have $1,000 USD in your account, you will see $1,672 in your account which means that you have made $672 profits with the service
If you have $2,000 USD in your account, you will see $3,344 in your account which means that you have made $1,344 profits in your account
For those of you who are in my service, if you can let the profits compound, you will see more and more profits every month.
For my trade copier service, it comes with a FULL CAPITAL PROTECTION policy during the free trial period. If your account is at a loss at the end of the trial period, I will pay for the losses.
This is how confident I am about my service.
So let us come back to the purpose of this post which is to teach you how to adjust your stop loss to make profits during this period.
How to adjust the stop loss
For this period of trading, your stop loss has to be at least 100 pips to be able to sustain the strong volatility of the market. But with such a big stop loss, you will be risking a lot of your account which is not a sensible thing to do.
Normally my stop loss is 25 pips, since I have to increase my stop loss by 4 times, I will then enter trade with a lot size 1/4 of my normal size.
By increasing my stop loss by 4 times and reducing my lot size by 4 times, the amt of risk per trade stays the same now
Normally, I will enter 4 lots trade and set the stop loss at 25 pips per trade. If the trade ends up losing, I will lost $1,000 per trade
Now, I will enter 1 lot trade and set the stop loss at 100 pips per trade. If the trade ends up losing, I will also lost $1,000 per trade
With this method, my risk per trade remains the same but the stop loss can now sustain the strong movement of the market.
How To Trade The Strong Volatile Market Now
My suggestion for you guys out there who are not using my trade copier is to trade in the direction of the trend. When the market is not sure of where to go, they tend to stick to their current trend.
Below is 3 trades that I have taken for my trade copier user on the 18th March 2020 and all of them are riding the trend.
In the video, I will show you the live video of these 3 trades and why I enter those trade so that you can learn how to do it yourself
If you do not have a reliable strategy on hand, I will strongly advice you to stay away from trading first for the time being.
If you are interested to make extra income during this period where people are getting pay cut or retrenchment, you can take a look at my trade copier service as I can assure you that you will get extra income from this service.