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BASKET TRADE Management: Using multiple trade management EA's on basket trades 9 replies
Mastering the Art of Stop Loss 40 replies
Mastering the Art of Trading 1,467 replies
Mastering Price Action - tunguska Journal 18 replies
Disliked{quote} Thanks Don for putting up with my questions. I prefer to know most of the unknowns lol so mostly education for me as part of my journey into futures. I believe CME is regulated by CFTC and not SEC but I could be wrong. Secondly, we still cannot hedge via multiple accounts because of the Wash Trade regulation. One has to take un-hedged directional exposure in markets. Even if you try to put two long and short "pending" orders in the market, that will eventually trigger a wash trade violation and your broker will contact you at end of market...Ignored
Disliked{quote} Have 2 brokerage accounts and hedge your position with one or another. Very simple.Ignored
Disliked{quote} That is also not allowed. you sign an affidavit with your broker to disclose all accounts with other brokerage firms. Very easy to get caught and get fined for violationsIgnored
DislikedI always hear from others the essential needs of becoming a profitable trader you will need to know these things: 1. Technical Analysis 2. Money Management 3. Psychology but yet I don't see anyone talk about Trade Management. One can have a correct analysis for the future direction of a particular currency but when you open a trade and managing that trade is extremely difficult. Especially when dealing with Interbanks. Placing your stoploss and still going based on the rules of money management having correct win risk ratio is one of the most difficult...Ignored