|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.
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