Hubert Senters here.
Let’s take a look at a massive downtrend that is going to continue to get much worse before it gets better. Ladies and gentlemen, so buckle in for the wild ride. It’s going to be fun if you’re short. So we’re looking at URI. I am not making fun of you. You don’t have the ability to short. You need to learn how to do that stuff.
And if you are only net long just use stop-losses and manage that stuff away. URI, massive down trend broke below the cloud one, two, three, four, five, six, seven days if I can count half times I can’t count so don’t be too hard on me. But anyway, break away to the downside.
Then I use the breakaway trade here or the Ultimate Breakout indicator and I’m going to pull this up on a 15 minute so you can see why I love managing my trades with the restored ratios so here’s why. Now, these indicators got its fault. Nothing’s perfect.
Sometimes when it gets a trade on top of a trade like you see this right here, negative one, negative one. That’s called a loss. That’s two losses in a row, ladies and gentlemen. But they’re small so don’t worry too much about it but sometimes you have to move these trades just so you can see them a little bit. Just so you can see the text and this is a problem with TradeStation and a few other platforms.
It just does that. They don’t line them up perfectly so you just have to be willing to see it so all of these ATRs are below one so they are acceptable trade risks for me so point 63, point 59, point 98 and you can see here this was a $49.8X. We’re just going round at it and say that was a $50X return last little entry at head back in here so.
And that was $8.6X and then so let’s just keep that at $8 plus $8X minus $1 so winner, loser, bigger winner, little loser, little loser and now you got a nice little runner again here and this one’s is going to pay you more than these two small Xs. This is going to be probably a $15X that we’re sitting on top of that.
That’s why it’s super important to not get overwhelmed with how many wins and how many losses did you have? Well, let’s count this up real quick. So if we did one winner, two winners so we only had two winners. But you had one, two, three losers so you had more losses but you would have made massive more amounts of money by holding these two little runners and not let those two little losers spooky out of not staying short in a massive short.
Mark Helweg and I are going to be doing a special webinar tomorrow at 12Pm EST on this very subject ‘’How to Trade Minnow Risk to Target Whale Profits.’’ Click CLAIM MY SPOT NOW and register and I’ll see you on that webinar tomorrow at 12Pm EST.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
