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
TESTIMONIAL DISCLOSURE: Testimonials appearing on www.IndicatorWarehouse.com may not be representative of the experience of other clients or customers and is not a guarantee of future performance or success.
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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