Management Is More Than Critical
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Description
In almost anything you read or listen to about trading, you will likely read or hear that trade management is important. This is not accurate. Trade management is more than important. It is critical and will eventually determine your fate as a trader/investor. Traders that can read charts but cannot put the money in the bank are a dime a dozen. It takes some skill to read a chart, but many traders then get stuck in “breakevensville” for a long, long time. To me, management is way more involved than it is to most. It is not only how you get a trade from point A to point B, but is it also managing the entry and managing the stop. Two critical areas most traders know little about.  Here are the charts to follow along: Chart 1: https://drive.google.com/file/d/1N6ge60PLMtHNNct4dPR9HpApX9MbVAsi/view?usp=drive_link Chart 2: https://drive.google.com/file/d/1ebw7wv8WcVv4sewKRioB1tJUU8tmQVEU/view?usp=drive_link Set up a free coaching session with Paul: https://calendly.com/dts-paul/coaching-session-w-paul The DTS Free Stuff Page: https://disciplinedtradingstrategies.com/free-stuff/ To learn more, visit: http://disciplinedtradingstrategies.com Listen to more episodes on Mission Matters: https://missionmatters.com/author/paul-lange/
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This is actually a great topic. Yes, this is episode 54, and I’m still calling things great topics as if they should’ve been the first thing you heard. There is such tremendous misconception about the skills needed to trade/invest for yourself that it leads to two issues. Some people who try to...
Published 10/24/24
Published 10/24/24