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Trade Management

EXPN, Experian plc - Trailing Stop on Experian plcLSE:EXPN You have to understand that even if most of the time your trade turns against you, when the trend moves in your favour, you have to manage your position disciplinarily. Look in this trade as in the first operation we have succeeded in doubling the value of our position realizing exactly a good 200% on the allocated, and in the second operation we are still long currently with a profit not yet realized of 1000% and protected in case the trend begins a reversal or we suffered a heavy retracement. If these were my only two trades to profit in the last ten, so would be the situation of my profits/losses: 2 profit trades = (1*200%) + (1*1000%) - 8 trades at a loss = 8*100% = 1200% - 800% = 400% on allocated capital This is perfect position management.
LSE:EXPNLong
by SwissTradingSchool
How to connect your indicator with the Trade ManagerHi everyone On Today's tutorial, I wanted to highlight how you can upgrade your own indicator to work with the Trade Manager Let's take the dummy example of the double MM cross Step 1 - Update your indicator Somewhere in the code you'll have a LONG and a SHORT condition. If not, please go back to study trading for noobs (I'm kidding !!!) So it should look to something similar macrossover = crossover(MA1, MA2) macrossunder = crossunder(MA1, MA2) What you will need to add at the very end of your script is a Signal plot that will be captured by the Trade Manager. This will give us : // Signal plot to be used as external // if crossover, sends 1, otherwise sends -1 Signal = macrossover ? 1 : macrossunder ? -1 : na plot(Signal, title="Signal") The Trade Manager engines expects to receive 1 for a bullishg signal and -1 for bearish . Step 2 - Add the Trade Manager to your chart and select the right Data Source I feel the questions coming so I prefer to anticipate :) When you add the Trade Manager to your chart, nothing will be displayed. THIS IS NORMAL because you'll have to select the Data Source to be "Signal" Remember our Signal variable from the Two MM Cross from before, now we'll capture it and.....drumb rolll...... that's from that moment that your life became even more AWESOME The Engine will capture the last signal from the MM cross or any indicator actually and will update the Stop Loss, Take Profit levels based on the parameters you set on the Trade Manager I worked the whole weekend on it because I wanted to challenge myself and give you something that I will certainly use in my own trading Please send me some feedback or questions if any Enjoy Dave
BITSTAMP:BTCUSDEducation
by Daveatt
19
You get to experience 5 type of tradesEvery time it is different, but in general I would say there are 5 type of trades: 1- Just nosedives and never goes into your favor. Straight down (up). The ones to avoid, which you want to get out of as quickly as possible. Will destroy your account really fast if you do not cut it. Not much you can do about this type. Obviously you get stopped and that's it. I see people hold on and even congratulate themselves for it "expert educators" telling people to "let their losers recover", and brokers say that most clients do this. It is so stupid I won't talk about it. You get stopped, end of story. Here are examples: 2- Baghodler favorite. Check Tesla and Robinhood bagholders for an example of this one. Slowly goes against you, and more, and more. Baggies absolutely love to hold onto those ones. "Oh well it is going to bounce eventually". Literally going against the trend. It is so stupid to anyone that understands a tiny bit... Trends are awesome. Spot a nice diagonal trend, enter, trail your stop, stay in. move with the market. Markets do not trend that often but when they do it is easy money. Holding against that is emm well like stabbing a wound to make it go away. Might be a good idea to cut your losses early. If it just slowly keeps going against you... An example where it was slowly going up & I gave up but came back with a short idea later. Should have given up faster tbh: And then there was a new opportunity: 3- The one that does not go anywhere. Just consolidates, or goes slightly in your favor/against you and then the other way. Paul Tudor Jones has a rule "If it takes too long I get out". Might want to follow that one. I guess you can take almost any Bitcoin trade as an example. Gosh this stupid thing is boring. I cannot think of any trade that was not Bitcoin that was a number 3. It usually goes up or down. 4- The one that goes midly in your favor. They can either slowly go up (/down) or go back agaisnt you then double bottom and rip up. Depends on the strategy, and you will be able to tell how to deal with those with experience normally. It is complicated every case is different. No simple rule here. Can trail stop, move SL to breakeven and maybe re-enter later, or just stay in and wait and see (but if it takes too long thought...). Plenty of possibilities to do this. This one is an example, not great: This is a stinky one that goes way down, then up then down again. 5- The ripper. Goes strongly in your favor and keeps going. Never comes back into your risk area. These are the kind of ones that make accounts grow and the one we are looking for. The other 4 types are irrelevant. They are just failed attempts to get these big winners. This amazes me, but according to brokers, this is the one that traders get out of quickly -.- And the disgusting ones (number 2) are the ones that people hold onto because "it is not falling too fast it will come back eventually". Cannot help but want to "secure" your profit? Then simply move your stop loss to breakeven. If you have a really big winner, it should not go back against you the vast majority of the time. Here is an example: Here is another example: And 1.5 month later it is still going down, stronger than ever (I should have stayed it, but at the same time beloved intelligent regulators won't let me):
TVC:USOILEducation
by MrRenev
1
How to manage a position using VWAP to scale in!Hi guys, this is an idea on how could be managed a position using VWAP retests to add size. Obviously this is just one way to interpret a trade through the day and surely not the only one. Speed lines, fade off ma's, level 2, volume profile, pivots and much more offer as well opportunities to menage our trade thus to scale in our position! Hope you find it useful :) When I write at lod the pnl was 2.37, I mean at eod (end of the day)
T
by Intuitrading
$20 Dollar challenge! As of next week I plan to open a new account with only $20.Yes, I know what you’re thinking but this is why it’s called a challenge. My goal with this challenge is to see if you can actually make money with very little capital. I will only be trading currencies with 1:1000 ratio account. Now, how long could this last before going to zero? Will emotions take over my trading? Will having too much leverage be a disadvantage? Well we will have to see.Every week I will post updates on the trades I took followed by my lot size, my entry, and my exit.If you would like to follow this journey click the follow button,and on the day my account goes to zero you can unfollow. Quote:“The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.” – Ed Seykota Trader essential from Amazon 1. amzn.to -Tylenol Extra Strength Rapid Release (LOL) 2. amzn.to -Encyclopedia of Chart Patterns 3. amzn.to -Apple MacBook Pro 4. amzn.to -OLLY Goodbye Stress Gummy, 5. amzn.to - Lenovo Ideacentre AIO 520S 23-Inch Desktop Computer (Intel Core i5-7200U, 16GB DDR4, 1TB HDD, Intel HD Graphics 620, Windows 10), F0CU0001US 6. amzn.to Apple iMac (21.5" Retina 4K display, 3.0GHz quad-core Intel Core i5, 8GB RAM, 1TB) - Silver 7. amzn.to -Dell i5680-7813BLU-PUS Inspiron Gaming PC Desktop 5680, Intel Core i7-8700, 16GB DDR4 Memory, 128GB SSD+2TB SATA HDD, NVIDIA GeForce GTX 1060, Recon Blue, Windows 10 64-bit
by Red_Rock5
3
I was right!! $SPX $SPY #VictoryLapWe can see here the target - sourced in the related idea below was successfully exceeded. Was surprised by how strong earnings came in today. Will be curious about the low tomorrow - don't live in the pivot points but this may be an appropriate time to pay attention to them to find the short term trend. Will our lowest low tomorrow be 2915? Will be on the sidelines traveling the rest of the week. An entire week of straight gainz. Every trade was closed profitably, sometimes the spreads had both legs close in the green. Pay attention to that POP%! It is a nice edge to have against the competition out there. This game we play is not for the investment minded, this is zero sum. Feels good to win! Feels even better winning 100% of the time over the course of an entire month closed out with the final trade in a call position with no hedge - strayed from the plan but the TA was sound. Happy Trading Friends!
SP:SPX
by ZenMode
2
GBPNZD ShortAs we see we've got double tops on the 1.91500 level which gave us confirmation to take shorts to the downside. On the 4 hour TF we have also double tops which strongly indicates the major bearish trend. I'm trying to hold a bit longer than usual 30 PIP's to test a swing trade what I haven't really done yet. TP Zone I marked out on 1.90200 area where price has already been respecting that zone many times. This thoughts came only from my analysis, where I'm trying to figure out how the market behaves and in order to become successful trader, it is essential to keep your trades and analysis. Tradingview is the perfect place! All the best!
Short
by Matzory_FX
Martin Momentum Strategy - How I Enter & Manage TradesHello Traders, In this video I wanted to cover what I’m looking at for trade setups and once I’m in a trade the steps I take to manage the trade. So you are all aware of what to look for in trade setups so I won’t go into much detail in this post like I did in the video. So I’m going to jump right into the steps I take once I’m in a trade. Trade Management & Alerts! Once you are in a trade and you have either the long position or short position window on your chart. Go roughly 50% of your TP and SL and over on the right side of the chart you can set an Alert to trigger once price crosses that price point. When it does you will get an Alert telling price has crossed 50% of your TP or SL and that’s telling you to get in a manage that trade if you can. By setting these alerts on each of your trades that allows you to not be glued to your screen. It allows you to go about your day with peace of mind knowing that no matter where the market goes you will know what’s going on with your trades. Optional Tip In your watch list window you have the option to flag pairs. I use 3 different flag colors mostly. Red, Green, and Purple. Red = This is for trades that I’ve got a open short position in. Green = This is for trades that I’ve got a open long position in. Purple = Possible trade setups forming and to keep a close eye on. Hope this was helpful! Make it a Great Day & Happy Trading! ~ SpiffyPips ~ This information is not a recommendation to buy or sell. It is to be used for educational and entertainment purposes only.
by spiffypips
MDA Trade + Multi time frame Analysis + Target +Risk Management TRADING STRATEGIC BINANCE:MDABTC Hi everyone, today's idea is about MDA on Binance, its one of the strongest digital assets that Ive seen. I actually was waiting for this correction to end for a week now, MDA is currently at the point i would be interesting to buy in. Therefore, I am presenting my trading plan for MDA. Spot on DEC 17: Personal Note: It also shows I have developed more patient and discipline for waiting Assets to fit into my trading conditions. Chart Analysis: -Chart Time frame: 1D - 4H -Timeframe: 1W -1M 1)-Weekly Chart: Since the time frame of this trade is 1W up to 1M its fair to show an analysis of weekly chart, my opinion one of the most important time frame for analysis. So lets get started! by mentioning that MDA is trading above all weekly SMA, also it is above two dense support zones created at 14000 and 20140 satoshis ( It can be seen as a horizontal channels), in other words MDA has broken 2 important resistances and its currently forming a DOJI candle shape at multiple time frames (1W-1D-12H 4H) this is extremely due to its psychology behind it. Ive also observed a continuation pattern that take form in a symmetrical triangle due to a massive week on from Oct 1st to 8th. In my mind this pattern should have been an ascending triangle, but greed has shown and making it symmetrical instead. Moreover, we can see in the weekly char bellow an Elliot wave triangle correction countdown: where A) its at 0.236 Fib Lvl-- B) almost touching 0.786 Fiv Lvl-- C) just above of a 0.236 Fib Lvl and trend line-- D) a 0.618 Fib Lvl --E) Above 0.382 Lvl. Naturally I am expecting a breakout from E wave. Snapshot: Personal Note: Im trying to get better at reading weekly time frames charts. 2)-Daily Chart: As we previously mention price has hit downtrend resistance ( top of Symmetrical triangle) with a daily green 9 and moved towards a 6 days correction. currently daily candle has formed another DOJI, previous candle has a large wick that indicated how momentum is reversing or decelerating. Stoch RSI is about to cross but until then we dont have certainties , RSI is almost at its 50s considering it very neutral. This time frame its telling me that trend could respect the trends inside symmetrical triangle, However we can still go down and test it out. Snapshot: 3)-12H Chart: MDA is showing a nice red 9 with a long wick after that looks like price is a in a consolidation stage. Previous false breakout almost success bulls pushed hard for days however fear took place and respect previous resistance send MDA Lower prices. 12H chart its all about over sold: RSI and Stoch RSI are in oversold territory, which basically means that My entry is gonna be around this range. Magnus cycle shows how its 3 lines are collapsing once this happen its a good indication for a breakout. Snapshot: 4) -4H Chart:Here is were the consolidation is happening looks like an ascending triangle or and horizontal channel, while i was writing this post a spike just happen and its currently breaking up resistance, lets see if it can hold it. Snapshot: 5)-1Hr Chart: I just want to point out in this chart the magus cycle, and how all 3 lines where collapsing this is a good indication and confirmation of a breakout as I previously mentioned. Snapshot: Conclusion: MDA has displayed strength during bear and bull markets, people or investor have shown interested on it. However if MDA violates technical conditions, ill be looking a lower entry. In the other hand I believe that it will hold the downtrend of symmetrical triangle and we could breakout from it. if that happen my trade management will be the following. TRADE MANAGEMENT: Trade entry: 0.00021600 Stop Loss: 0.000213800 -Targets: Risks/Rewards: -Risk/Reward Ratio: 155.62 -Risk per trade: 1.08% If you enjoy this analysis dont hesitate like and follow. Until the next time! No Fear just trade!
MLong
by vfxvictor
2