It is time for a new trading strategy if you are taking profits too quickly and letting losers run in the wrong direction. The combination of the two often ends up shortening the professional trading careers of many a well-intentioned retail trader. Most of the time the cause can be traced back to the trading strategy and position sizing being used, or the lack thereof.
The answer is a Trading Strategy Tune-up.
One of the most common mistakes new traders make is to begin without a well-defined trading strategy or objective. Taking profits too quickly or letting a losing trade run are very common even among more experienced traders.
Starting with a clear goal is important.
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. Ninety-five percent of trading performance is based on your position size, which is the percentage risk compared to the size of your account. Trade Manager tells you how many contracts you need to have to maximize your trading results.
Automated money management and position sizing are the two most important components of trading. It’s what separates winning traders from losing traders.
Trade Manager automatically calculates the correct trade 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. Isn’t that the goal?
Automated stop-loss management 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, when they should be focusing on where the money is being made on a 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 tool manage your position once it’s in play.
With Trade Manager, you can enter a position and then forget about it. Trade Manager will trail your stop(s) for you. This functionality frees 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 getting 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:
Trade Manager does both of these for you! Trade Manager is an essential trading tool that works in any trading strategy.
It is the best trading software to ensure you take the maximum profit from each and every trade you take!
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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.
Use of any of this information is entirely at your own risk, for which Indicator Warehouse will not be liable. Neither we nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and content found or offered in the material for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. All information exists for nothing other than entertainment and general educational purposes. We are not registered trading advisors.