 Testing, testing. Hey, can everyone hear me? Oh, it's my screen here. Testing. Hey, hey. You can see you guys streaming in. Let me just enable the chat. Okay. Hey, Francisco. Nice to see you. Right. All right, guys. Nice to see you guys coming in. Right. So I'm going to send a message now. See if you guys can see the message. Basically, there's this nice little chat box which you guys can send your message in. You can see each other's messages, which is a nice thing. And it actually helped you guys keep in sync with the questions that you guys are asking. So if you can, you can actually change, there's this little drop down that says post and panelists. You can actually change it to everyone. So everyone will be able to see your messages. Right. But yeah, it's nice to see a whole bunch of you guys streaming in. Yamilu. Nice to see you here too. I see a couple of familiar names. Right. Yeah, I have a great week, everyone. I see a couple of familiar names. Right. Nice to see you, Eduardo, Justice. Right. We've got Fatima. You're seeing a couple of familiar names over here. Right. Who is here for the first time? Do we have anyone here for the first time? First time, Claudia. Claudia. All right. All right. I'm just curious. Right. I'm just curious. Where are you guys tuning in from? Which country are you guys tuning in from? Right. If you don't mind sharing with me. Okay. A couple of people from Sri Lanka, Tanzania, Maldives, Maldives. Sorry. Oh, cool. A couple of people from Maldives, Philippines, Nigeria, Portugal. Okay. Should be glad. I think Portugal won a match yesterday. Right. Yeah. Thailand, Nepal, Turkey, Bangladesh. Wow. Everywhere. Everywhere. Oh, we've got Sri Lanka, Bangladesh, Philippines. Can you guys guess which country I'm posting this webinar from? Can you guys guess which country I'm hosting this webinar from? Okay. USA. Nice. Couple of you guys seem to know. Yeah. All right. All right. Okay. Seems like quite a number of you guys know Singapore. Jin. Oh, Jin Ang sounds familiar. Is Jin Ang? No. Jin Ang, are you also from Singapore? Yeah. Yeah. Really? Not Jin. Okay. Okay. Cool. All right. Okay. Okay. Oh, yeah. For Singapore. That's right. Okay. Okay. Fantastic. Fantastic. Right. For those of you guys who are here for the first time, I will give you guys a quick crash course on the things that you need to look at. Right. So, first and foremost, first and foremost, if you're here for the first time, thank you for joining us for part of our masterclass series. Okay. It is really a partnership that we have. We've take mill to kind of take a trading to the next level. All right. Let me just point you in the correct direction. First things first, webinar. Okay. Webinar. Okay. Not webinar. You can go to YouTube. I'm going to give you the link to the playlist. Right. The ultimate forest trading masterclass. I'm going to send this to you guys over here. Okay. Now, this is a great masterclass for you to go through. It covers a lot of the different webinars that we're doing. Right. Sometimes you hear us refer to different kind of terminologies. Right. Pullback overlaps, trend lines. Right. We got stop loss, take profit placements. Right. We got price action. We got Fibonacci. A lot of that kind of stuff. Okay. Now, if you were wondering on what does that refer to, you can actually tune into, you can go to this playlist and you can watch the previous webinars. Right. It should prepare you well enough. Right. Yeah. It should really, really prepare you well enough to understand any of the terminologies that we're using. Yamilu, I can see you asking for a pound dollar, but we're not going to take market requests today. Right. Today, maybe if we have time at the end of the webinar, otherwise today's webinar, we're going to talk about break even and partial profit placement. Right. It's a little bit more advanced than just a standard stop loss and take profit. So I will touch a little bit on that later. So yeah, if you do have time, you know, we can look at some currency pairs. Right. But for now, our first priority is to teach you guys break even and partial profit placements. Okay. Now let's, let me just move to webinar real quick. All right. First things, first disclaimer, everything this webinar is educational nature. So please do your own due diligence before you guys trade. All right. Nothing in this webinar should be construed as investment or trading advice. Okay. I'm just going to take up my pen here and I'm going to explain something really simple. Okay. Most of the time, most of the time, when people enter a trade, right, and people enter a trade, they, they mainly look at this thing called your entry. They look at the entry. Okay. After they determine their entry, they pick a stop loss and they pick a take profit. Okay. Pick a stop loss, they pick a take profit. For most people, we just want to move a little. What's wrong with MT? Do you think Eduardo, are you asking MT as a meta trader? Is that what you're referring to? A meta trader is fine, right? I think there's a recent news that Apple removed the MT4 application from the Apple store, right? But yeah, it's still fine, right? I think they released a news that you can still manage your positions, you can still use it, right? But the reason for that, I think it's something to do the Russians and stuff, right? But I believe you'll be sorted out sooner or later. Otherwise, you can always switch to Android if you want to, right? They have to empty file the web version. They have the desktop version, so you can still use those things, all right? Musunda, right? I will teach you. If you want to understand how to trade, right? First things first, today's webinar will teach you a bit part of it. Secondly, right? Go into the link I sent you earlier on the playlist. We'll check it out, right? Eduardo, are you using, are you using TickMeal? By any chance? Are you using TickMeal? And guys, all right, then we can check it out. I believe the MT4 should still be working. There's no way that the MT4 desktop app is not working, okay? Because yeah, mine is still connected, so yours should still be connected. Do ping their support if you do need help. I don't digress too much because we have a webinar on break even and partial profit placements today, which I do want to ensure that I cover, okay? Now, the thing about most trading strategies that people have is that they focus on the entry. After you do the entry, you know, then they consider the tech profit, they consider a stop loss, right? So when we're looking at the anatomy of a trade, right? This is a series which Annabel will be taking you through over the next few weeks, over the next few weeks. It's that it's not only an entry stop loss and take profit, right? You need to have contingency plans, meaning that you need, if this is your plan A, right? If this is your plan A, you need to know what's your plan B, right? And what is your plan C? Plan B comes in when you're looking at the things like break even. Plan C comes in when you're looking at the stuff like idea and validation, and even plan D might even come in if you're looking at stuff like trading stop loss, all right? One thing I always want to let you guys know is that in trading, it's not only about profit maximization, okay? It's not only about profit maximization. All right? And often overlooked ugly cousin of profit maximization is loss reduction, okay? A lot of the times people just think about, you know, maximizing their profits, right? But very, very few times, you know, they think about reducing their losses. There are two things they can really use to reduce their losses, which is break even and idea and validation. Why is the concept of loss reduction so important, right? It's because of this, right? So imagine, right? You have a trade, you plus 1%, you know, you take the trade, you 1%, you make a loss 1%, make another 1%, minus 1%, minus 1%, right? So on one side, you know, you can have 1, 2, 1, 2, 1, 0. This could be 0%, okay? Even though you got three wins over here, you know, you got three wins and you got three losses. Oh, shit, right? Three wins and three losses. Okay? On the other side, if you know how to reduce your, protect your profits, right? Not only protect your profits, but also reduce your losses, number of times you lose. Not only if you have like plus 1, plus 1, if this, you can just have it such as a 0, right? It's just one trade, okay? You altered the outcome of one trade, okay? Let me show you. You just altered the outcome of a single trade, which is this one over here. You have the exact same result. 2, 3, 2, 1, right? And your profits over here, wait, sorry. 1, 2, 1, 2, 1, 0. This is negative, sorry, this is negative 1%, right? This is positive 1%. Just altering the outcome of one losing trade over here. A negative 1% allows you to have a 2%, a plus 2% difference in your, in, you know, plan A and plan B. This has the same, it's three wins, two losses, and one break even, okay? One break even, okay? I think, I don't think we'll be sending a slide today, right? Cal, rather it will be uploaded on the YouTube channel, okay? I think it'll be uploaded towards M to week. Now, what I'm trying to focus on here is that even though, you know, looking at these two strategies, right? You've got strategy A over here, you've got strategy B over here. Right? If you're able to just alter one trade, instead of it going to its full stop loss, right? You manage to get out at break even, right? Even though it's just one trade, your outcome, you know, one goes from negative 1%, the other, you know, the other outcome is 1%. You actually have a different, you have a difference of plus 2%. A lot of people just see as one single trade, but they forget that for every one losing trade that you suffer, you need one losing, you need one winning trade just to break even, then one more winning trade, you know, to make that additional 1%, right? So knowing when to, knowing how to utilize the concept of break even is very important in our trading. Like I say, it's not only about profit maximization, going for a food, take profit or stop loss, it's about trying to reduce the number of losses you have. And that comes into the concept of break even. How do you then get partial profits? In the next week's webinar, we'll be talking about idea and validations, and then a future one, which is trading TSL, trading stop loss, okay? There's a lot more that goes into a trading strategy. Today's webinar, we're going to talk about super important break even partial profits, right? If not mastered that properly, like I showed you in this example, it can really, really turn your trading around, okay? Now without further ado, I'll be introducing your host for today, right? Her name is Annabelle. She's part of the award-winning research team here at Everest Fortune Group, right? We were the finalists for best effects and best equity research in 2019, 2020 and 2021. We usually have work with the, sorry, we usually work with other financial institutions on forecasting where the markets are heading, but we have a special partnership we take nowhere. We bring guys the good stuff, the juicy stuff, the stuff that will take your trading to the next level. So don't hold back your questions for her. This is a rather advanced trading concept, right? But it's the small little things like this, it's the advanced topics that help you really take a trading to the next level, because this topic in particular, right? Like in the example I showed you, it's not only about making more money, it's about preventing losses. And this webinar will help you cover a lot of that pretty well, okay? So without further ado, I'll be passing the time on now to Annabelle. Can you hear and see me clearly? Okay, so if you have any questions, hi, Jeremy. If you have any questions or any requests, do let me know in the comment section. I'm going to go to see everyone. It might be your first time seeing me here, but I posted the TICMU session a couple of times. Okay, so let us start the session today. We are talking about break even and partial profit placement. It's a relatively simple topic to understand, but it's a concept that is a good concept to learn and execute while we are trading, right? Okay, so the agenda for today, we'll be talking about the anatomy of trade, which Desmond has briefly covered. Hi, Eduardo. Okay, which Desmond has briefly covered. So I will continue later on. A recap on take profit and stop loss. For those who haven't attend the previous session, we talked about the take profit and stop loss placement, right? If you want to check it out, do log on to our YouTube or onto the webpage to look at the previous class sessions that have been recorded and posted. Okay, what is break even, the definition for those who doesn't know or are new to trading? Break even placement, partial profit placement, and then we'll move on to live chat where I will combine these all together from the first session, part one of four, take profit and stop loss, and then today's session, I will combine these two and we'll go to live chats. So before I start, I just want to let you guys know why is stop loss, take profit, and break even so important, right? People might be asking, why do we need all this? Okay, so stop loss, take profit placement, and break even our tools, okay, like tools traders use that manage your tricks more strategically, right, instead of more wing simply or like based on your gut feelings. These are all strategic tools that we use, okay? So risk management, identify, analyze, accept or mitigate uncertainty means how to properly use this tool is helping you to identify more favorable opportunities and acceptable levels of risk. So not only are you systematically protecting your holdings by prioritizing less risky trades, you are also preventing your portfolio from being blown up, right? So this is risk management. So these are tools to help you manage your trades more effectively, okay, prevent emotional trading. So having stop loss, take profit, and even break even can prevent you from emotional trading, meaning to say, sometimes when you get greedy or you want to revenge trade, you often go out of, or not think straight, right? So all these tools sort of like set boundaries, right? You have a boundary for all your positions, so it prevents you from over-trading, revenge trading or thick trades that you do not want. And then lastly, we have the calculation of risk to reward. It's more to stop loss and take profit. So, you know, sometimes we need to, oops. Okay, so having all this calculation of risk to reward meaning to say it is important to know how much you are risking to how much you are being rewarded. So you can possibly risk $100 to get a $20 reward. It just doesn't make sense, right? So this out, the reasons why it's important to have all these tools in place. So you maximize, this is the key to trading, right? You maximize your profit and you minimize the losses. So trading is also a game of numbers, right? So break even, which is today's lesson or session will be important to understand. Okay, this one just now, Desmond has briefly covered. I'll just run through one more time. Okay, for entry, this is the whole anatomy of trade, but the reason why we list it up is because most people, they might be just looking at this and the focus is always this, right? You spend a lot of time doing all your fit levels, all your stochastic, all your edge mocu, all the indicators, you do 101 things just to find a good entry level, right? And then you will put your, after your entry, then you will come to think about, oh, maybe my risk reward should be one is three. So your take profit will be at three and then your stop loss at one. That's the usual case, for example, okay? And then this break even, partial profit and trailing stop loss is often not thought about, but it doesn't mean that they're not important. They are all as important as a whole. That's why we call this the anatomy of trade. These are all the assisting tools that one should know, right? In place to minimize all your losses or to safeguard your positions, right? Like I've mentioned, trading is a game of numbers, right? Okay, so today, this is the first session that we talk about. Today's session will be two or four, which is break even, partial profit. And then three or four, we'll be talking about idea invalidation where AI is where you bring your take profit to your break even or to your entry level. Okay, this one we'll talk about it when we get there. But today, let's focus on break even and partial profit. Okay, so Eduardo is asking that works in a day trade strategy or swim trade, but I believe not in scalping, right? For scalping wise, I think your break even and partial profit they all still work. It depends on what timeframe you're looking at. If you're scalping in a one minute or five minutes, it might hit your stop loss real quick. But I believe if you're talking about 15 minutes and half an hour, it would still work. Yeah, because of the speed, correct? So usually our trading timeframe is more than H1. So usually we are looking at H1, H4 and daily, yeah. Okay, so a recap, take profit and stop loss. For those who missed the previous session, I'll just run through this real quick. So take profit, stop loss. If you remember, stop loss is always beyond, which is above your resistance level. So there will always be resistance level. For example, your key support, your key resistance, all these levels are levels that you want to avoid, right? And these are called the magnetic zones, correct? Because prices tend to come here to test again, okay? So you always want to avoid these areas when you're trading. Okay, this says as a magnetic zone or a noble zone. So if you're looking at placing a stop loss, it's always beyond if you're looking at a short position. So it's depending on whether you're taking a short or a long position. So it's always after your resistance level, okay? And then let me just erase all this, okay? And if you are looking at take profit, it's always before because you do not want a case where you fix your, for example, you fix your fake profit to be exactly 100 pence, okay? And you leave it there without moving. You don't want it to be a case where it comes to 80% and then it bounces off, okay? And then you miss the whole trade itself because you set your take profit to be exactly 100 pence. So always remember take profit before the magnetic zone because you want to avoid any commotion or any resistance at this level. So just take a 90% or 80%, okay? Take profit is always before, stop loss always beyond. Avoid your major resistance level, okay? So what is break even? Can anyone from the ground or from the floor tell me? I never yarn, I never yarn. So anyone on the, oops. So what is break even? What is break even? So does break even mean, let's say this is my entry, this is my take profit, this is my stop loss, okay? For example, my price is coming up here, but it's coming back downward. Would you continue to hold the position or would you cut your position here? Or would you hold and wait for maybe price to reverse? Well, the entry equals stop loss, okay? Not loss, not profit, correct? Okay, those who have answered correct. So what is break even? Break even means you move your stop loss to your entry. So in this case, right, I have some answers that says cut position, correct? So for example, okay, this might not be the best example. Let me draw again. I will draw a more obvious chart, okay? So entry here, my take profit is here, my stop loss is here. So for example, I entered a trade and then price is going very well all the way up, but suddenly it plunges this way. That's like a 20% downward and my stop loss is here, okay? In most cases, people who look at this rate of drop, most people will cut their position, correct? But as traders, you always want your idea or your entry to be correct. So you'll keep holding and holding. But if you have the break even and partial profit tool in place or idea in place, you would actually hope that price will come back to this level here and you move your stop loss to your entry level, okay? Okay, maybe I move on to some examples. Okay, break even definition is a point where your trade neither makes money nor loses money, okay? Just now someone mentioned, Ahmed mentioned, yeah, this is correct. All the price you have entered in the trading position, the level at which the risk on the trade is recovered. Okay, technically you have to put this slightly above because there is some spread or commission charges that you have been charged. So if you want to exact zero break even, then usually you should move like a couple peaks up. Depending on whether you're shopping or buying, okay? But anyway, okay. So based on this chart, let me explain this chart first before I go into detail why break even is so important, right? So we are looking at this chart here. Prices are fluctuating, okay? Break even is a level where you are in profit. So we have to take note of this because for idea invalidation is the opposite. So for break even wise, usually term it break even is because you are in profit already, hence you are moving your stop loss upward. Just in case anything happens or your treats goes in reverse mode. Like what I have drawn just now. So for break even, usually you are already in profit. Just remember this. Break for break even wise, usually you are in profit and you recognize that there's a risk of reversal, okay? So it's basically you saying if I'm right, price should go all the way to my target. But if it's wrong, I should get up, okay? It's a more conservative way, but it kind of protects your position, okay? So prices came down fluctuate and then you thought, hey, maybe this is a good level to trade if there is a breakout. So let's place a position here. So this is my entry here, okay? Entry and then your break even point. How do you know where you should place your break even trigger? Okay, you should know. So you have a break even point which is at your entry. This is very straightforward. But when do you know if you should be worried or when you should take note of a modified stop loss, okay? So this is the level here, which is a resistance. It's usually a resistance level or a previous high or a previous support or resistance that you set your trigger. So for example, everyone knows that for break even, it means moving your stop loss back to your entry. Yes, that is correct. But when exactly do you have to take note of a trend reversal or a trade reversal? When exactly should I be placing my break even trigger? This is when you take notice of your position like, hey, my prices are actually going in reverse instead of going in the direction that I want. So a break even trigger is often placed on a swing high, a resistance level, support level, a key resistance area, basically a magnetic zone. So take note, there is your break even point. Let me write it down. Okay, there is a break even point. And then there is also your break even trigger, correct? And often and also remember that break even happens when you are in profit. So if you are in loss, right, it's not, if prices actually come here already, there's no break even because you're in loss. So in this case, my entry level is here and then price, hey, you know, it's moving in a direction that I want. But it's fluctuating. Hence I'll be thinking in my head, hey, is this trade actually, you know, correct? But I'm already in the trade, so I'll be worried. And then when it comes to this level, I will set my trigger because this is a major resistance level or a key resistance level. I will trigger it here. If price actually reverses, then yeah, I will move my stop loss up to my entry level. But if it continues this way, right, then I wouldn't move my stop loss. But if you do want to be conservative or if you want to try out a break even, then yes, you can actually place your break even, even further at your entry or further up is possible. Okay, but for today's case, if we're talking about break even, break even, then yes, it's just to move to your entry level. Okay, let me just read some of the comments or questions. When the trend is solid and have at least 100% of the new stop loss entry, yes, correct? You can do that. Yes, some people actually do that. Okay, so point one is your break even, point and point two is your trigger. Your trigger should be somewhere where there is a resistance. Okay, so that's why there is a trigger. If my position goes unfavorably, then I would move my stop loss to my entry level. But if it's favorable, you can choose to or not to move your stop loss, right? So it's often a case when you are in profit and you recognize that there might be a risk of reversal. So it's like kind of ranging and I'm slightly afraid or I want to be more conservative. So I move my stop loss to my entry point, okay? So in this case, you know, hey, it's correct. So the prices actually came down, went up slightly and all the way down to my break even. So instead of losing at my stop loss, the full potential here, I actually got out at my break even. So this is how you protect your positions, right? Unless your trade is very solid, like it's going, maybe retraces slightly and goes all the way up, then yeah, you might not have the need to place your break even. So it's also up to your risk appetite at the same time, okay? Okay, and now let's take a look at some examples here. So we have our entry, which is here. Looking at a tick profit and I have my stop loss placed here. So entry, tick profit, stop loss, okay? So this is a bit confusing. Why is the password? We haven't talked about partial profit. Let me go through. Okay, so there is break even. Sorry, I missed out the partial profit slides. I don't know where. Okay, so partial profit, let me just draw it out. So partial profit means instead of having full 100%, maybe at this point in time, you can draw out partial profit. So it's as simple as that. So instead of having your full position running to your 100% tick profit, you could actually take maybe 20% off at this level here if you feel that you want to pocket or you want to get some rewards off the table. Okay, so in this case, our entry is here. Partial profit is here, maybe at a 30%, and then my full tick profit is at this level, okay? So prices actually came to here, which is a resistance level at my 38.2% retracement as well as my previous, as well as my overlap resistance. Okay, I took some profits off the table here. Give me one second. Okay, so in case, after I took my profit here, to protect my position, since I am already in profit, I'm already in profit, since my entry is here. My entry is here. I'm already in profit. I would prefer in a more conservative manner to move my stop loss to my entry. So I move my stop loss to my entry level. So this is my break even. So if price ever reverse, I will not lose any cent. But instead, I actually took some profit already, all right? Okay, let's move on to some live chat. I will guide you guys on how to take profit and stop loss placement to do this placement, which is our one of four webinar session and then today's session on break even and a partial profit. Okay, this is two or four. Okay, let's go here. Let me just look my chart. Okay, if you guys have any questions, do let me know. It's a relatively easy and simple topic to understand, but it's more of the concept and the psychology that you have to understand and execute it or even use it. Some people don't even... Actually for myself, I really use break even as well, but it's a good habit to have in volatile circumstances or situation like now. Have you all seen that GBP-USD is at its all-time low? Okay, but let's take a look at USC Swiss Frank. Okay, this might be a good example for you guys. Okay, let me just do some drawings and then I will guide you guys along. Okay, for example... Okay, for example, my buy entry, I'm looking at prices to go all the way here. Is that a previous thing? My take profit is this. This is just for an example to let you guys understand the session, the previous session and today's session, how you actually use it on live charts. Yes, this is a four-hour chart. Usually we use four-hour. I can zoom into one hour, but we stick to the four-hour first and then I will zoom in later. Okay, and my stop loss, maybe I will put it... Yeah, okay, not this much. So let's start with it. So for example, let me just chart it first. Okay, so for example, let's start with our... Let's start with our take profit and stop loss first. Okay, so let's say I have a breakout buy entry at this level here, which already did. Let's say it haven't happened yet. Okay, let's say it's maybe at this level, which I was looking at actually. Okay, so at this level, before the breakout, for the ratio wise, Eduardo is up to you, but yes, it's somewhat a one to two if I'm correct. Okay, not even. Yeah, one to four. Okay, but you can do a one to two. Okay, but this is just for example purposes. It doesn't have to be one to two. I just want to show you guys how to use correctly your take profit, stop loss, as well as your break event and partial profit. Okay, so let's start with a buy entry. So I'm looking for a breakout buy entry here because of many levels. Okay, and you know, USD, Swiss franc is on the rise because USD has been strengthening due to the rate hikes. Okay, so buy entry here and my take profit is here. So my one to seven point two extension and my 100% projection, Fibonacci projection is right here. Should my take profit be exactly at this level or should I bring my take profit further up? Okay, this is A, this is B, and C is to take below. So should I take profit exactly at my one to seven point two extension, 100% projection level or should I move higher to take more profit or should I move lower to take profit here? Let me know in the comments, A, B or C. Yeah, some answers, some say A. Okay, C is actually the correct answer. Floor view, lower because we need partials. What do you mean by partials? Okay, the correct answer is C. Okay, the reason being, remember when I said, when I did a recap on the take profit and stop loss placement, you always, let me tap it out, it might be easier. I will use TP and SL, take profit before loss. All right, it's quite easy to memorize this. Okay, so depending on whether you're taking a long or short position, okay, take profit before and stop loss is always beyond. The reason being, you don't want to be drawn into the commotion zone. All right, why is this so small? Okay, let me draw it bigger. Okay, this is much better. Okay, I'll put it here. Take profit before, stop loss beyond. Take profit before the reason being, you don't want price to actually come all the way up here and reverse and then you just miss the whole thing. Okay, people usually avoid the magnetic zones. So take profit before your commotion starts or before all the fight happens here. Okay, then you want to stop loss. So stop loss, let's say if my stop loss is here at my, let me see, okay, whether there are any levels. Okay, so stop loss, this is exactly my 23.6%. This is also my previous swing low. So if you want to put a stop loss, put slightly below because you know that prices will tend to come to this area. If your stop loss is placed exactly at this level, your price might actually come down to test this level again before it flies up, right? And often they're not, most of the time, this is what happens to us. You hit your stop loss and then your price goes all the way up to where exactly you have projected it to be, okay? So always put stop loss beyond. Give it some space for buffer, right? You don't want to be exactly at where the price will test it, you know, especially when you know that this is the resistant zone that price will come in, come back to test again. So give them, give it some breathing space. So if price actually come back to test this level here, there's some space it wouldn't stop you out from this position, okay? Okay, so I have done my thick profit and stop loss. Now we will talk about your partial profit and your break even. So for example, I'll put it as simply as possible for you guys. Okay, so for example, if we are talking about your partial profit, partial profit is very easy to understand because it's when prices actually comes to this level and you feel like, hey, you want to take some profits off the table, you want to be profitable, I guess it comes hand in hand, right? Okay, so Jim, I don't understand how you decided to take profit level. You mean this take profit level? Okay, so partial profit, I'll just type it out. So partial profit, partial profit in my opinion, it comes in hand in hand with your break even because, you know, if for example, you come here and then you take a partial profit, but if it goes back all the way down to your stop loss, right, you would have lost your, you have lost everything. So it doesn't make sense. The only way it makes sense for partial profit is if you move your stop loss to your break even and you take a partial profit here. So in case if prices reversal or goes in the opposite direction to hit your break even or your stop loss, okay, you wouldn't be in losses, correct? So break partial profit and break even often comes in hand in hand. Okay, I mean, why did you pick A and C in your thinking? Oh, it's a random, sorry. No, no, no. As in that, that, that A and C that I drew here was just to show you guys that, you know, take profit should always be before. So it was option A, B and C. It's not, it's not a level that I think it was a, it's just to show you guys that you should always take profit before. So partial profit means I think it could be a percentage or number of pips or whatever you deem it is, okay, or it could be another level that you see. For example, maybe there's another level here that you want to avoid. For example, a swing high, okay, maybe price came here this way. Okay, maybe price actually this way. And then, you know, ignore this, take this as price now, okay. And then continue, for example. So when price comes here, I know that I have a level to watch out for, which is this level. So I would prefer to take partial profit off at least 70% just in case, you know, price reacts off this area, okay. Although my confluence tell me that, you know, this should be the level that price should be testing, but hey, you know, this is another magnetic level that I'm looking at. So actually, technically, this should be your break even trigger as well, okay. And you could take partial profit here. So for example, I take partial profit here. I will move my stop loss to my entry level, because if price actually comes back down, I wouldn't be losing any money, okay. But if I leave my stop loss here while I take a profit here, right. If price comes all the way down, I will still be losing money. It doesn't make sense, okay. So if you want to take a partial profit, I would recommend that you move your stop loss upwards, okay. Okay, so let me finish typing, okay, okay. And usually, and in hand with my break even, because you do not want to lose out, you do not want to lose that sum of money when if price actually reverses to your, to hit your stop loss, okay. So break even, or just use B break even, is often when you're in profit already, then we can consider it as break even, all right. In profit, usually in profit already, and it means that you move your stop loss to entry level. What I mean by that is, let me just clear the chart. Give me one second, my buy entry, and then my projection, I'll just do a quick one. Okay, for example, okay, so for example, just now I've mentioned, I should have done it because I need this. Sorry, I just needed to clear the chart for you guys to be able to see. Okay, so often your break even is when you are in profit, for example, okay. So for example, if we already had a, if we have entered already, right, at this level, my buy entry, I will be already in profit. So this is the point where you can decide whether you want to take a partial profit and move your stop loss to your entry level. So you could potentially take partial profit off here, but I do not see any key resistance levels around this level, around this area, or there's no fit levels whatsoever. Okay, that says that you know, hey, you should be worried about, let's see. Okay, yeah, there are no levels or confluences that tell me that there might be a resistance. So I might not take my partial profit here, but I would definitely move my stop loss up to break even, because this is quite a substantial move already, for example. Okay, so if we leave the position as it is, it might come to this level to take profit or in my reverse, correct? So if it reverses, you know that, you know, hey, I would not be in any losses, because I'm already in, I've already moved my stop loss to my entry level. Okay, so this is the example that I will leave you guys with. You know, one second while I read some of the questions. If you know, if you know your plans to come back to the initial entry, why didn't you set it as a pending by region? Which, which, which level are you talking about? Please, can we get the recorded version of this class? Okay, this, this session is recorded as, as with all our previous sessions. So if you want to take a look at, if you missed any part of it, and you want a refresher course, you can actually log on to the YouTube channel or take your webpage, okay? The lever is set at stop loss. Okay, wait, give me one second. I'll draw it down here. This will, you're asking why I don't put my by entry here. Is that the question? Okay, you can click my release stop loss. Okay, the reason why I don't set my by position here is because price has moved up exponentially and my chances of, and I'm looking at a breakout by entry here instead of by, by level here because there's no confluence or there are no levels that I'm looking at. It's just a previous swing low. So at this level, I'm looking at a breakout, a 78.6 projection and probably a divinatory retracement level. So I'm trading on the basis of a breakout and of course my fundamental news. So if prices actually break out here, I'm looking for a buy. So there are many reasons for me to buy here if it breaks this level. Hence, I will not actually wait for price to come down because you will have missed the boat. So it's depending on what style of trading you are actually looking at. Break even not only prevents losing trade, but also winning trade since some places doesn't, no, it doesn't make a break even redundant because like I've mentioned before, trading is a game, it's a game of numbers, right? So the more you play, it's like, it's like, okay, maybe not really break even. Actually, yes, it does prevent losing, but also also winning trade in some cases. It does prevent that. But I would think that if you have a good, so at the front part, when when Desmond mentioned like, if you have, for example, 10 trades, okay, and you have four winning trades or five winning trades, okay? And then you have some break even trades. You are still on a winning instead of having maybe six losing trades. Again, I mean, it's a game of numbers. How can you calculate correctly your stock loss? It's depending on how much you want to be based on your, based on how much you have or how much you're willing to lose. Yes, it can come back down to my buy entry to test. That's why if you are more conservative, you could put your stop loss to your buy entry to make it a break even, or you could take partial profit here. Hence today's session about partial profit and break even. Eduardo, yes, it's about probability, correct? I just couldn't think about that word. Yeah, it's a game of probability, right? So if you have more winning trades or more break even trades, rather than having more losing trades, technically, you're still winning in a long run. Can you move your TP up after moving stock loss to entry level? Yes, you can. Yes, you can, but there must be enough reasons for you to actually move it up instead of sticking to your original. Can we use the SR and daily? Do you want, for Raymond, what do you mean by SR and daily? How do you popularly profit? It's for my case, I would put my take profit, my stop loss, all that levels based on confluence zone. Profit can be based on a percentage of how much you want to earn, or by setting some confluence zone, confluence zone meaning the levels at which most of my fit levels or most of my fit levels actually come together. So this is a zone where magnetic zone where my price might actually recast, so I'll put that level there and take profit slightly below, or you can use your support. The most basic will be your support and resistance level. Okay, sorry guys, I have to end the session today. Just remember this area. I'll leave you guys with this because I have another session to attend. If you do have any questions, I will be back in the next session to talk about idea invalidation and we can do a recap on this. And I will revisit the questions that you guys have for me. Okay, so I'll leave you guys with this. I will see you guys the next session. Thank you for attending today's webinar. Thank you.