June 30, 2011
- in Uncategorized by schooloftrade
Modified Fast Track Method helps transition from Demo to Live Trading
Modified Fast Track Method:
The goal of the original fast track is…
– Keep it simple
– Let your trades run
– Don’t worry about losses (they will happen)
– Don’t cut your winners too early
– Don’t push your stop back let your losses run
– Be selective and always follow the rules.
– NO TRADE MANAGEMENT
– Once you have 10 days of consistent results on the FTM, then you are encouraged to look at the advanced methods and start trailing stops, scaling-out, and using a runner.
Forex vs Futures: what’s the difference?
– Can we enter with a resting limit order?
– Yes, but only when you see a failure above the PHOD or a failure below the PLOD.
