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InvestCEO with Kyle Henris
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183 contributions to InvestCEO with Kyle Henris
3d ago in
Profit target question
Quick question, how do you know how high of a risk reward is possible. I’ve seen Kyle say that a trade didn’t meet his risk reward ratio goal when going for a higher profit ratio. How do we know how high we can aim for in a given situation? Is there a good rule of thumb to follow that limits how high one could set the profit target?
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New comment 1d ago
3 likes • 2d
@Andrew Keaton - Yes that's also a good way of deciding your profit target. You can also look at it as the swing high (bullish) or swing low (bearish) before your fill.
0 likes • 1d
@Sterling White - I don't think there's a way to trail a specific quantity of your total trade quantity in TradingView. At least I haven't seen one. If you move your Stop to trail, it'll move your entire order quantity.
2d ago in
Taxes in trading
Hey, i was wondering how taxes work for trading. Is it good to open a LLC when profitable or is it better to be a sole trader? Btw im from the UK so taxes may be different.
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New comment 2d ago
2 likes • 2d
If you've got a tax advisor, I'd suggest speaking to them. I trade without an LLC. I got a few payouts last year, and received a 1099 from Apex this year to file.
3 likes • 2d
Hey Abdulmajid! Glad to have you here! We've got a bunch of pretty awesome people in here! First thing you should do is go through the entire Classroom section videos that is available to you. Please do not hesitate to make use of all the resources available to you here, and ask questions! :)
2d ago in
FOMC TODAY!!!
The FOMC Federal Funds Rate Decision news is in 1 hour. If trading your EA or PA account, please ensure that you are out of any trades before 02:00 PM EASTERN.
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New comment 2d ago
0 likes • 8d
Most of the traders here want to go the Funded Firm route. So they use Ninja Trader, Tradovate or TradingView.
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Active 1d ago
Joined Sep 5, 2023
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