|Webinar Event Details|
|Event Date:||Wednesday, June 7th, 2017 (Past)|
|Event Time:||3:30 PM CT / 4:30 PM ET|
Andrew Pawielski, Senior Broker and Founder of the Market Dimensions Advisory, hosts Peter Davies of JigSaw Trading in a live webinar presentation.
Synopsis: Trading is all about getting the most from your edge. Trade entry is just one part of what makes a successful trading strategy. It’s what you do AFTER you enter is going to dictate whether you make a profit or a loss. Many traders manage their trades with a simple stop-loss. If price reaches their stop loss, they exit the trade. In other words, it is price and only price that decides whether they stay in a trade or not. A trade is only deemed to be ‘failed’ if price moves against them.
In this webinar, we will present elements other than price that you can use to drastically improve your trade management. We’ll give you actionable information that you can take away and start using in your trading. For example, we’ve all had trades that move our way a few ticks and then falter and move against us. It’s possible to recognize that this is happen and often exit the failed trade while you are a few ticks in profit.
By looking at factors other than price, you can switch from passively managing your trades based on whether the market moves against you to actively managing your trades based on the weakness or strength of any move.
Specifically, we’ll look at using the following elements to enhance you trade management.
- Balance of Trade
- High Volume Nodes
- Activity of Larger Traders
- Correlated Markets
Each of these elements can be used individually and we recommend that traders adopt one at a time so that you can see improvements quickly and progress over time.
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.