Trading Strategy with 30 Level Target: Discipline as the Key to Success
In the world of trading, having a planned strategy and discipline are two main elements that can help a trader achieve his/her target. This article will discuss how to utilize a 30-level target table based on a starting capital of $20, with a risk of 10% and a profit of 20%, to achieve optimal results.
Understanding the 30 Level Strategy
This 30-level table is designed to help traders gradually grow their initial capital. By maintaining a risk of 10% of the account balance at each level and targeting a profit of 20%, this table provides a guide to managing capital in a planned and controlled manner.
Here are the main principles of this strategy:
1. Initial Capital: $20.
2. Profit Target Per Level: 20% of the balance at the start of the level.
3. Maximum Risk: 10% of the balance at the start of the level.
4. Duration: 30 levels, with a final target balance of over $115.89.
Steps to Trade Using This Strategy
1. Calculate the Risk Before Entering the Market
Before starting each transaction, calculate the maximum amount you are willing to risk. For example, at the first level, a 10% risk of $20 is $2. You should only enter the market with this amount of risk.
2. Set Profit Target
For each trade, set a profit target according to the table. At the first level, the profit target is 20% of $20, which is $4. Be disciplined in closing the position after this target is reached.
3. Use Stop Loss and Take Profit
Always use the stop loss feature to protect your capital from losses greater than the risk that has been set (10%). Also use take profit to ensure that you exit the market after the profit target is reached.
4. Increase Lots Gradually
As your account balance increases, increase the lot size according to the table calculation. Do not rush to increase the lot beyond the calculation because this can increase the risk of losing capital.
5. Don't Exceed Risk Limits
Discipline in risking a maximum of 10% per level is the key to making this strategy work. Taking more risk than you set can destroy your account balance before you reach your target.
6. Be patient and focus on the process
Don't get carried away by emotions or try to speed up the achievement of targets by breaking the rules. This strategy requires patience and consistency.
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Discipline is the Key
Following this strategy requires high discipline. Here are some tips to stay disciplined:
1. Follow the Trading Plan
Never deviate from the designed chart. Always calculate the risk and profit target before opening a position.
2. Record Every Transaction
Create a trading journal to record every transaction, including capital, risk, profit, and mistakes. This will help you evaluate your performance and learn from your mistakes.
3. Control your emotions
Don't get carried away by euphoria when you win or panic when you lose. Stay calm and focus on your long-term goals.
4. Don't be greedy
If you reach the target in a level, close the position and move on to the next level. Do not try to take more profit beyond the target that has been set.
5. Adhere to the Risk Rules
Even if you feel confident about a particular opportunity, do not violate the 10% risk rule. This is a safe limit to protect your account balance.
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Benefits of This Strategy
1. Good Capital Management
This strategy helps you protect your capital and grow it gradually, reducing the risk of large losses.
2. Clear Target
With specific level-by-level targets, you have clear guidance for each step.
3. Consistency and Sustainability
This strategy is designed for the long term, allowing you to build your balance consistently and sustainably.
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Conclusion
The 30-level strategy with a 10% risk-based table and 20% profit is an effective method for building capital gradually. However, the main keys to its success are discipline, patience, and consistency. By adhering to the rules of risk and profit targets, and keeping your emotions stable, you have a great chance of reaching the final target with a balance of more than $ 115.89.
Remember: Trading always involves risk. Use this strategy wisely and never invest more than you can afford to lose. Happy trading, and good luck!