Скачать или смотреть Day 14 of 60 Day Rule based trading challenge: Time-Based TSL in Action on RBI policy event Day

Good Afternoon Traders!

Welcome to Day 14 of our 60-Day Rule-Based Trading Challenge. Today was a significant event day with the RBI monetary policy announcement in the morning. While we typically avoid trading on such high-impact days, we maintained our challenge continuity by taking a trade after the initial market reaction subsided.

In this video, we're covering:

Our decision to trade post the RBI policy announcement.
The initial market volatility following the announcement and the subsequent cooling down period.
Our trade entry at 10:45 am after our strategy provided a confirmation signal.
The sideways market movement with a slight bias against our position.
The application of our time-based trailing stop loss (TSL) rule at 1:30 pm, moving our SL to 50% above the day's low.
How our time-based TSL was triggered near the market close, resulting in a losing day.
Our overall ROI after 14 days, which stands at 4.7%.
The importance of adapting our trading strategy for event days and utilizing time-based stop-loss mechanisms.
A walkthrough of our trading journal on Google Sheets: https://docs.google.com/spreadsheets/...

Today's session demonstrates our commitment to the challenge and highlights how we manage risk on high-impact event days using predefined rules, including a time-based trailing stop loss.

Join us as we continue our 60-day journey!

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