If there was ever a “secret sauce” in day trading, it’s position sizing. Making sure that you are correctly capitalized for each trade is the most powerful thing you can do to improve any system or signal you are currently using.
Here is a testimonial that we just received:
Erich, the Trade Manager tool is as close to the holy grail of tools as I’ve ever seen. As a professional institutional trader for over 10 years I’ve seen it all and spent more money than I care to admit on systems, tools etc to help me get the edge I need. I should have just purchased trade manager first and saved myself all that money!
I was skeptical but immediately fell in love with Trade Manager right out of the box. It makes the key, and most important elements next to personal responsibility and attitude as streamlined and systematic as possible. I believe if all traders managed themselves first, their position size second and their exits 3rd they would have a solid chance in this highly competitive arena to realize virtually any financial goal.Trading Crude Oil and other volatile markets using TM and DTS allows me to focus on what’s important. I find DTS is a constant gut check of if I am counter-trend or trend trading, and I really like the soft edge, and hard edge bounce trades, as well as the double pullback signal. In fact this signal alone is one of the best I’ve seen. This entire package allows me to have the confidence to step away from losing trades quickly and step back from winning trades, letting Trade Manager take over.I find myself using the actual DTS entries as places to add to trades on low risk after I’m already breakeven on the original and this is a massive improvement. The old saying goes, that when your right you can’t have enough size on but when your wrong you always have too much!I’m in love with these tools and they have me thinking possibility minded again!Matt Bennett,President, Django Capital CorporationAlberta, Canada