Dear GuyHello everyone! I am a novice trader who is trying to find out whether anyone has heard of Guy Cohen and/or his Illuminati Trading System? Thanks in advance.
Hi SyedDear Guy
This is my first ever action to invest in the shares and my budget is between £500-£1,000 to start with. I am fairly risk averse and that's the reason.
I can see no reason why you cannot. The short answer is that there is no average really. Guy's system produces plenty of candidates for trading, and is clear on where your initial stop loss should be in relation to the flag you are considering trading. The tighter the flag formation, the tighter the stop loss is likely to be. If you think that it's too far away and exposes you to too much risk in relation to your own account / position size you simply don't trade and move on to look at the next candidate. Therefore any 'average' is determined very much by yourself and the trades that you select.what does that mean ,that i am not allowed to ask a logical question about stop loss?
My pleasure. I wish you good luck.Thanks RonnirR for answering the question.
I have been seriously thiniking of joining up with Guy and Secret Flag trader for some time.
Ihave grown sick and tired of day trading forex and want longer set ups and time frames to
my trading .