“The Best Money Management Webinar I have Ever Seen.”
Watch the video below and learn the three myths of money management that are responsible for traders busting their accounts.
“Trade Management is what separates winning traders from losing traders… What amazes traders the most after using the Trade 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. Trade Manager tells you how many contracts you need to have to maximize your trading results.
Stop management and position sizing are the two most important components that separate winning traders from losing traders.
Trade Manager’s automated trading features automatically 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. By the time you exit the trade you are making MAXIMUM MONEY on MINIMAL RISK. And isn’t that the goal?
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 Trade Manager, you can put on a position and then forget about it.
Trade Manager’s automated trading functionality will trail your stop(s) for you. Thereby, freeing you up to take other trades. Think of it as having multiple fishing poles in the water at the same time. You exponentially increase your chances of scoring the Big Fish!
The easiest way to tell if a trader is going to be profitable is by looking at how they handle these two cardinal rules:
- Do they cut losses short?
- Do they let profits run?
Trade Manager does both of these for you! Trade Manager is an essential trading tool that works with any system or collection of indicators on the NinjaTader platform. It ensures you take the maximum profit from each and every trade you make.
Finally, an automated trading tool that truly “lets your profits run” without further risk!
|NOTE: Trade Manager can be purchased as a stand-alone product or as part of the Diversified Trading System (DTS).|
- Now Comes with new Template Manager for savings your parameter settings per chart (retail value = $397)
- Trade management can be turned on and off while in an active trade
- Does not start to manage a trade until it catches up with the initial Stop placed when a trade is initiated.
- Once a trade has been initiated, you can change trailing stop types during an active position.
- Can be used on more than one chart per instrument.
- Auto Break Even
- Account PnL can be “turned off.”
- Template Manager to save inputs under template names (no more “one single” default)
- Tick offsets for Moving Average and Swing point trailing stops
Automated Stop Strategies include:
ATR: ATR is the default value and can be changed as per the setup instructions in the previous section. Average True Range is a stop strategy based on market volatility.
Percentage: Percent is part of the Percent Trailing strategy. The value refers to a percentage of the high/low of the indicator will use to determine the stop placement.
MA: The Moving Average stop strategy allows you to choose from eight different Moving Average styles. Select the style you like from the Type drop-down menu box.
SWING: Uses market turning points to trail the stop loss order. Swing Highs and Lows show where price has found support and resistance and is, therefore, a strong stop strategy. Choose which side of the market you want the stop displayed by selecting HIGH/LOW from the Type drop-down menu box.
BAR: Bar High/Low is IndicatorWarehouse’s own proprietary Scalping stop strategy. It is an aggressive strategy designed to take you out of a trade at the first sign of market weakness.
PSAR: Developed by Welles Wilder, the Parabolic SAR is an easy, yet powerful stop loss method. Parabolic SAR stands for “stop and reverse” and will trail price as the trend extends over time.
Supertrend: A modified ATR strategy and ideal to use with trends to optimize your output. Super Trend moves above or below the price depending on how the trend in progress. It moves with the price as a stop loss but does not “crowd” price during congestion.
CHANDELIER: Developed by Chuck LeBeau, the Chandelier stop strategy is a trend-following system which dangles a multiple of Average True Range from the Highs during an uptrend and adds them to Lows during a downtrend.
FIXED: As the name suggests the Fixed Tick Strategy trails the stop loss order by a pre-set number of ticks.
Note: If the FIXED strategy is displaying the stop-loss on the wrong side of the market enter a negative (-) value in the Tick Offset. This feature will “flip” the trailing stop to the other side of the market.
Additional Custom Order Types
In addition to over twelve tops of custom trailing stops, Trade Manager also provides BREAK EVEN functionality.
The BREAK EVEN button automatically moves a live trade to breakeven +1, which is the default value. However, it can be changed to any positive number.
OCO (One-Cancels-Other) orders are most often used to “bracket” trades with a BUY order above and a SELL order beneath recent price action. As the name suggests, when one side of the trade is filled (or cancelled) the remaining order(s) are automatically cancelled. With OCO, you can have as many OCO trades on your chart as you like.