Hey Guys , I am still a novice trader learning my my now I have been using the trading view platform placing paper trades but my frustration is I am still unsure on how the paper trading view PANEL works what all the figures mean etc . Does anybody have a good tutorial video on this going into great detail . I have looked on you tube as seen a few vids but haven’t found anything that explains things clearly . Cheers John
hi There , its not a bad video but the big problem i am having is . understanding the risk management using the paper trade panel so say for example after inputting my take profit price and my stop loss price . underneath my stop loss price would show say $2400 dollars risk and underneath my take profit price would be showing $458 . which should be the other way around . Thank you
John
Screenshot maybe, so we can get an idea of your full account details and trades. It’s hard knowing anything with just two numbers.
Is this from the trade setup screen, or from the Positions | Individual Positions section/tab?
hi I am a little unsure what your asking me .but this is from the trading view trade panel.
Screenshot? Tradingview has many panels/sections/tabs.
hi i have just tried to bring up a example on the trading view panel but for some reason i am getting good profit to risk figures when placing a trade lol but i will try again tomorrow and send across a screen shot when this happens again . thanks John
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hI You asked for a screen shot next time it produced them figures well i have attached the panel so you can see my risk is $1775.10 compared to my profit $1367.50
Kind Regards
John
Order price minus stop loss price = $0.177510
0.177510 USD X 10,000 units = $1775.10
That’s your potential loss if you hit your SL.
Take profit price minus order price = $0.136750
0.136750 X 10,000 units = $1367.50
You are risking more than your potential profit. That’s not good in the longer term.
Have a read. Same application here.