Trade Management: Entries, Exits, Risk Reward Calculations and Stops | Forex
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What role does trade management play in your trading? Francis Hunt a technical analysis trader and coach comments on trade management, trade entries and exits, risk reward calculations and stops. In trade management is when you've just entered a trade and that's the part when you're least stable psychologically. Comment on the hunt for stability in trading. How can one plan trade entries and exits? How to set stop losses and targets? Why are trailing stops not a trading strategy? How important is it to look at Risk to Reward calculations? If you've found this video useful, please click the like button and share it with your friends and remember to SUBSCRIBE to remain up-to-date! managing trades
Comments
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I would love a mentor like him.
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I've never understood that trailing stop and have never used it...the word states it 'trailing your stops' lol
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Thanks for nailing the risk reward importance..........
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all the tools in trading the markets, are essentially a waste of time, unable, useless.
you might as well use a cristall ball to try and predict the future.
what we do in real life is to place a bet on the market,
i repeat , we place a bet, we can speculate, with our vews and beliefs but
we have no control what so ever in any shape or form on the outcome of the bet.
we cling to indicators and lots of screens, to please our psyche, so when we do get a bet, we have the illusion that it was because we are intelligent traders.
when in reality we were just lucky.
the only skill we can be proud to posses is :
the tecnical part of the bet, the money management, how we enter and how we exit ,the risk reward aspect of the bet
.there is no good traders,
there is just sensible traders.
the day you understand what you are actually doing "trading"
is the day you will start to make money. -
Incredible insight, thank you for sharing your experience and knowledge. I wish I had watched this two days ago!
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I like this guy, he looks like a gangster, but the calm kind who never yells. He scares you with how calm he is.
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trade the markets...dont trade your P&L