Most of us will spend about 90% of our time thinking of what to buy and at what price we should get in. In fact, that is only 10% of work done.
Focus on this scenario instead - “After getting into a position, how are we going to manage it with either a calculated loss when market go against us or how should we take profits when market perform better than our expectation? As usual we will do a few case studies on how I manage my positions for this year.
Today’s content: 1. 90% of us – Spending too much time on “Getting in” 2. Steps to manage our trades after an entry?
If you have been following, today’s is the 7th tutorial in our Trading Series: 1. “The buy strategy” 2. “The sell strategy” 3. “Developing long & short-term view” 4. “Choosing between the time frame” 5. “The entry” 6. “The exit” 7. “The management”
Example 1 Micro E-Mini Nasdaq Futures Minimum fluctuation
0.25 point = $0.50 1 point = $2 10 points = $20 100 points = $200 1,000 points = $2,000
Example 2 E-Mini Nasdaq Futures Minimum fluctuation
0.25 point = $5 1 point = $20 10 points = $200 100 points = $2,000
Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/gopro/
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