Hi folks,
i wanna ask if here is someone who trades with similar trade managment like i do.......
What is it about ?
Its about what should i do according to my rules and what i do in reality, because of the holy time factor. And i do better this way.
Let me explain it....
-----------------------------------
1. The basis trade managment strategy of a standard trade.
-> minimum win target.
-> let profits run over the minimum target as far as the markets give you more...
-> Exit on your Exit Signals, dont use fixed Limit prices. let the market go.....
------------------------------
2. The way i do.......
for example, typicall situation under the week....
-> i have one trade on the line and price is about my minimum target, so far so good. Now basis trade managment rules say, let it go so far as possible...
-> At the same time i have 2 or 3 Trade Setups that have just started and i could go in now.
-> So, now i close my first trade at the minimum target level and take that profit and enter on the new trade with the standard risk + the risk what was the profit of trade 1. Ok not too much, it must fit to my account level. allright, but i risk then more as with the first trade.
-> The reason is, that i am able to make that over and over again, until the last days of the week or month, depending on trading style, and the later the trades in the week or month, the higher the probability that i decide to let the trade go.
-> Of course i let some trades go. But if its early in the week or month, i tend to switch positions so often as possible, so long open trade have minimum target already reached.
With this doing, i make money much much more quicker, as i would with just trading every trade until the end.
Thats my advanced trade managment. Time managment factor.
Oppurtunity cost terminator.
The thing here is that i need free money for new trades and thats why i have to close the current open ones, bcuz i usually take on big positions, so a lot of my capital is blocked anyway when i do a trade.
But finally its all about the time factor, i just make more money in shorter time this way, than i would NOT otherwise.
------------------
Are here any pro trader who do this too ???
What are your opinions ???
Do you prefer the "basis trade managment style" or the "timefactor trade managment style" ???
Thank you,
best regards
i wanna ask if here is someone who trades with similar trade managment like i do.......
What is it about ?
Its about what should i do according to my rules and what i do in reality, because of the holy time factor. And i do better this way.
Let me explain it....
-----------------------------------
1. The basis trade managment strategy of a standard trade.
-> minimum win target.
-> let profits run over the minimum target as far as the markets give you more...
-> Exit on your Exit Signals, dont use fixed Limit prices. let the market go.....
------------------------------
2. The way i do.......
for example, typicall situation under the week....
-> i have one trade on the line and price is about my minimum target, so far so good. Now basis trade managment rules say, let it go so far as possible...
-> At the same time i have 2 or 3 Trade Setups that have just started and i could go in now.
-> So, now i close my first trade at the minimum target level and take that profit and enter on the new trade with the standard risk + the risk what was the profit of trade 1. Ok not too much, it must fit to my account level. allright, but i risk then more as with the first trade.
-> The reason is, that i am able to make that over and over again, until the last days of the week or month, depending on trading style, and the later the trades in the week or month, the higher the probability that i decide to let the trade go.
-> Of course i let some trades go. But if its early in the week or month, i tend to switch positions so often as possible, so long open trade have minimum target already reached.
With this doing, i make money much much more quicker, as i would with just trading every trade until the end.
Thats my advanced trade managment. Time managment factor.
Oppurtunity cost terminator.
The thing here is that i need free money for new trades and thats why i have to close the current open ones, bcuz i usually take on big positions, so a lot of my capital is blocked anyway when i do a trade.
But finally its all about the time factor, i just make more money in shorter time this way, than i would NOT otherwise.
------------------
Are here any pro trader who do this too ???
What are your opinions ???
Do you prefer the "basis trade managment style" or the "timefactor trade managment style" ???
Thank you,
best regards
