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(5 Of 5) Trade Management, Fit Your Management Needs
Before we move forward, let’s recall where we left off in the first 4 videos of this 5-part series…
– Noise, Follow-Thru, Exhaustion
2. The Emotions Behind Trade Management
– More Targets, Fewer Stops = long term profits
3. Basics of our Management Method
– Quick targets, eliminate risk, position to capitalize on the big moves of the day
– Mechanical & Discretionary Trade Management
And the 5th & Final Video of this Series on Trade Management is….
Trade Management for Different Traders
Every trader is different…
Scalpers, Intra-Day Traders, Swing & Position Traders
Those different types of traders have different goals for their trading and they have different account sizes as well.
You cannot expect consistently positive results if you apply the WRONG style to the WRONG trader.
The easiest way to identify the trade management style that is right for YOU and you’re trading goals and resources, you need to identify WHO you are and the resources you have available.
In today’s video we discuss the importance of a ‘CUSTOM TRADE PLAN’ that will take everything into consideration such as who you are as a trader, the type of trading you do, and the resources you have available.
Watch this video to learn the different trade management styles for different traders
If you missed the first four (4) videos in this series on trade management, here they are…
Trade Management Videos: TM Video 1, TM Video 2, TM Video3, TM Video 4
Previous Day’s SOT Video from YouTube: Review Our Trades From Yesterday!
Ready To Start Trading? Visit Our Home Page For Course Info!
