Watch the video below and learn the three myths of money management that are responsible for traders busting their accounts.
Compatible With NT8 Only
“Trade Management is what separates winning traders from losing traders… What amazes traders the most after using the Risk Manager is how much money they were leaving on the table by not having the correct amount of shares or contracts for each trade.”
95% of trading performance is based on proper position sizing, which is the percentage risked in relation to the size of your trading account. Risk Manager tells you how many contracts you need to have better trading results.
Stop management and position sizing are the two most critical components that separate winning traders from losing traders.
Risk Manager’s automated trading features calculate the correct amount of contracts or shares to trade based on your account size and then enables you to place the trade directly from your chart.
Automated trading and position sizing alone can cure most of the problems that individual traders have. In trading, you’re not paid for analyzing charts and…you’re not paid for placing the order or having the fastest execution platform. What you are paid for is successfully managing the position while it’s in play!
Most traders obsess on finding the “best” entry point to get into their trade. But, where is the money being made on your trades? The position size and the exit!
Remember, the ONLY thing you can truly control is your risk (position size). You cannot control where the market is going to go. No one can. But, you can remove some of the stress by knowing your risk before you enter a trade and then letting an automated trading tool manage your position once it’s in play. In fact, with Risk Manager, you can put on a position and then essentially forget about it.
Risk Manager’s automated trading functionality will show you suggested trailing stop levels based on a mathematical formula, or based on an indicator you have on your chart (like a SMA, or ParabolicSAR or BollingerBand or Keltner Channel).
The easiest way to tell if a trader is going to be profitable is by looking at how they handle these two cardinal rules:
Risk Manager does both of these for you! Risk Manager is an essential trading tool that works with any system or collection of indicators on the NinjaTader platform.
ATR: Average True Range is a stop strategy based on market volatility.
Drawn horizontal line as the stoploss level…makes it easy to instantly set the stoploss level based on a visual support or resistance zone…and moving the stoploss level is as simple as moving the drawn horizontal line.
Percentage: The value refers to a percentage of the close price of the instrument. The stoploss distance will be x% of the current close price.
Fixed Tricks: Unify your initial stoploss distance by specifying a tick value.
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LIVE TRADE ROOM DISCLOSURE: All presentations, videos, and information are for educational purposes only and the opinions expressed are those of the presenter only. All trades presented should be considered hypothetical and should not be expected to be replicated in a live trading account.
Commodity Futures Trading Commission Futures and Options trading has substantial potential rewards, but also significant potential risk. You must be aware of the risks and be willing to accept them to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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