Download this spreadsheet and have it open on your desktop before trading. You can copy/paste to make multiple rows if you plan on taking more than one trade.
This tutorial covers the extremely important topic of the “risk unit”, which is a basic money management concept of setting exactly how much you are risking in a trade. The goal of the OTOT strategy is to risk one risk unit to gain three. There is also an Excel example of the math involved.
Check out this video to get an understanding of the basics of daytrading. This video is a must watch to be able to follow the daytrading discussion during the OTOT Morning Brief and participation in the Daily Daytrading Challenge (not real money)! Enjoy!
Watch this video to see the value of the morning brief! Join Cruiser and the other squadron members for navigating the market open with real-time material and friendly banter. For the months of June and July, the winner of the Daily Daytrading Challenge (not real money) to see who has the best daytrading entry of […]
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