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what kind of position managment do you have?

  • Post #1
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  • First Post: Sep 10, 2020 2:58pm Sep 10, 2020 2:58pm
  •  Tylerz
  • | Joined Dec 2017 | Status: Member | 111 Posts
What kind of position managment do you have? what are your position nanagment rules?
when do you cancel from a trade?

this topic to discuss the opened postion managment possibilities....
  • Post #2
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  • Edited 8:47am Sep 14, 2020 8:34am | Edited 8:47am
  •  vanca
  • | Joined Dec 2016 | Status: Member | 121 Posts
when price touch RR 1:1, move to BE, and then moving st to new HL or LH, TP RR 1:10
patience, patience, patience and after that more patience
 
 
  • Post #3
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  • Sep 17, 2020 1:44pm Sep 17, 2020 1:44pm
  •  Whitewind
  • | Joined May 2020 | Status: Member | 48 Posts
I don't quite understand how the term "position management" refers to trading. It seems to me that risk management is more suitable here. Personally, I have a few rules that I personally stick to:
-Keep your trader's journal. The journal is more effective in terms of personal profit than formal financial statements. The more personal involvement in the work process, the more collected a person performs monotonous manipulations. Trading is one of the most routine activities in the modern world. Use the regularity of operations in your favor.
-No universal rules for risk management in the market. The market situation in a few months may change so that the previous manuals are no longer effective. But the experience of the forerunner helps to model future events.
-Wide use of the mathematical apparatus. But understanding the mechanisms of mathematical expectation and the rules of probability theory works in any market conditions, so it is necessary to study by traders.
-Manage limits. Don't risk more than 5% of your total budget on one trade. Set a minimum painless rate that you can safely lose without significant impact on your own financial well-being and further investment activity (1-2%). Try to keep the limit even for the most tempting external transactions.
-Stability. It is important to know all the stages of development of your own investment portfolio. The speed of enrichment also varies from person to person, the main thing is to always be in line with your strategy.
 
 
  • Post #4
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  • Sep 17, 2020 2:58pm Sep 17, 2020 2:58pm
  •  DexterDuncan
  • | Additional Username | Joined Jul 2020 | 133 Posts
Quoting Whitewind
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I don't quite understand how the term "position management" refers to trading. It seems to me that risk management is more suitable here. Personally, I have a few rules that I personally stick to: -Keep your trader's journal. The journal is more effective in terms of personal profit than formal financial statements. The more personal involvement in the work process, the more collected a person performs monotonous manipulations. Trading is one of the most routine activities in the modern world. Use the regularity of operations in your favor. -No...
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Very nice writing. I completely agree with you. Taking more risks can be a great problem for you.
 
 
  • Post #5
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  • Sep 17, 2020 6:10pm Sep 17, 2020 6:10pm
  •  Varkeer
  • Joined May 2015 | Status: Member | 251 Posts
Trade with adequate capital to not have margin calls.

Average in and out of your trades.

Bulls make money, bears make money, but pigs get slaughtered.
Love to talk on Discord: DividendGamer#1324
 
 
  • Post #6
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  • Last Post: Sep 17, 2020 7:31pm Sep 17, 2020 7:31pm
  •  DeanLittler
  • | Additional Username | Joined Jul 2020 | 129 Posts
I open the trade when the price is at a very impressive momentum and when I see that the price has become volatile and I don't understand any specific trend, I close my trade.

A lot of the time I see support or resistance in trade close. But in most cases I keep the profit locked and not in trade close.
 
 
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