Trade management

What is necessary to win this game?

Establishing an edge ..

 A simple probability of one thing happening over another.

What is my trade management strategy:

• Should I use stops? 

What and where the stops will be if I use them.

• Am I going to be:

all-in/all-out

all-in/scale-out

scale-in/scale-out

scale-in/all-out

• What will be my target price to exit? 

Is it a reasonable price point?

•  What is the focus of my strategy:

Is it to maximize profits?

To minimize risk exposure..

or to maximize emotional control..

I Will commit to taking at least 30 trades using this trade management strategy:

Take notes on every trade to measure errors

Errors to be measured:

Not entering a trade when I had the signal

Entering and then changing my trade management start

Chasing a planned trade

Execution errors (e.g., on the platform)

Impulsive trade

• If the trade management start change, then I will start a new trade sample (30 trades)
• Once the series is done, I will have a better idea on how well the edge works.
• My ultimate goal, however, is to build intuition and trust in myself... so that I can execute flawlessly!