⚡️ HOW TO SET UP STOP LOSS - SL AND TAKE PROFIT - City in WALL STYLE

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🔸 In this article, I will instruct one more method to get Target SL / TP according to Project Team.

➡ 1. Define and clearly classify participating projects.
- For example, there are 6 projects in total: A1, A2, B1, B2, C1, C2
- With the principle: The profit is proportional to the risk, the higher the profit, the higher the risk.
- We use "Fundamental Analysis" to divide projects into the following three categories:
+ Low Risk: A1, A2
+ Medium Risk: B1, B2
+ High Risk: C1, C2

➡ 2. Divide projects into groups including:
- 1 Low Risk, 1 Medium Risk, 1 High Risk
- According to the above example, after selecting, we have the following groups:
+ Group 1: A1, B1, C1
+ Group 2: A2, B2, C2

➡ 3. Set Target SL / TP for groups at Risk: Reward - 1: 3 (20:60)
- Take for example Group 1 with capital: A1 (20,000 $), B1 (10,000 $), C1 (5,000 $) with total capital: 35,000 $
- When applying a 1: 3 ratio for Group 1, we have:
+ Cut loss when -20% of Total Group Equity = -7,000 $
+ Take profit when + 60% Total Group Equity = + $ 21,000
- When reaching Target TP and still want to continue earning interest, do the following:
+ Total Group Equity $ 35,000 + Group Interest $ 21,000 = Total Group Equity (New) $ 56,000
+ Stop Loss when -20% of Total Group Equity (New) = -11,200 $
+ Take Profit when + 60% Total Group Equity (New) = + $ 33,600
- So after finishing the Target SL / TP for Group 1, the rest of the groups just do the same!

🔸 There will be a question that:
"Why not take the total capital of 3 items: Low Risk - Medium Risk - High Risk and divide it according to the ratio 1: 3, but have to divide into groups like that?"
- Reply:
+ Not all projects are the same, breaking down is convenient for managing projects.
+ The more groups are divided, the more data will be available to predict the market trend. (Standard is 3 groups)
+ In the previous article, when we reach Target SL -30%, we will have to cut that coin, however, when dividing the group like this, we will have more information to control and consider the gong to cut. hole.

➡ 4. Note:
- The above formula is only suitable for projects that are carefully monitored and selected, with good location and good prices.
- The formula is dead, the market is alive, during use should be flexible to suit the situation, don't be too mechanical!