A trade in 60 seconds
Every trade has the same parts: direction, entry, stop and target. And yes, you can profit when price falls.
Key takeaways
- Going long means you profit if price rises.
- Going short means you profit if price falls.
- Every trade needs an entry, a stop and a target before you click.
You think price will fall. Which trade fits that view?
Transcript
Most people think you only make money when prices go up. Not in trading. Here, you can profit when price falls too. Give me sixty seconds, and you'll understand every trade you'll ever take.
Going long is simple. You expect price to rise, you buy, and you profit as it climbs. Going short is the flip side. You expect price to fall, you sell first, and you buy it back cheaper. Two directions... twice the opportunities.
Now, every trade needs three numbers before you click. Your entry, where you get in. Your stop, where you step aside with a small, planned loss if you're wrong. And your target, where you take the profit. Here, the stop risks one and the target aims for three. Then you let the market do its thing.
Lock it in. Long means you profit when price rises. Short means you profit when it falls. And your entry, stop and target are decided before you ever click.
Take the quick check below to lock it in. You're further along than you think. Next up: Start real, start small. Learn it. Practise it. Prove it.