Day Trading Risk Management | Matt Bowen’s New Site Online!
Matt Bowen’s new blog, NinjaRiskExpert.com is up! As you may know, Matt is our resident day trading risk management expert. If you want to receive free day trading education, tips, and demo room alerts from Matt, visit his site now and sign up. If you attended his recent free training series or have ever talked to him on Skype or email, you have no doubt heard him talk about risk management and position sizing. It fascinates me, and drives Matt a little bit batty, to know that there are traders out there who do not employ these concepts when trading.
But I understand. When I began trading, I just couldn’t get my head around risk management and position sizing and mistakenly believed that these were “high level” concepts for experienced traders to refine their system.
Not true! Totally wrong, in fact. It doesn’t matter how experienced you are – you absolutely must be sure to manage your risk. There are trading indicators to help you do this, like Risk Manager. Check out the video below by support and resistance Trader Kingdom Expert, Erich Senft. Risk Manager enables you to enter a trade and NEVER lose more than X% of your account. Trading without this security is, er, risky! Note, MTPredictor has a risk manager built into it.
Email
Facebook
Youtube
Twitter
LinkedIn
RSS
Matt,
Good luck with the new site. Just wanted to let you know I’m close to going live with MTP. As you know I’ve been recording trades (USA market hours) since 12/12. 130 trades, 9 markets, 44% profitable with a return on starting capital of 159%!!!!!!!!!!!!! No doubt in my mind that position size and risk management is the secret to success in this game. Thank you for showing me the way
i management accounts of others
the risk management apply in my case
It applies even more so. Risk Management and position sizing are the “secret” that all serious trader know. I recommend you contact Matt Bowen to discuss this is in more detail. He works with hedge fund managers as well as our general customer base. He can be reached at matt@indicatorwarehouse.com or 440 263 2084.
is the license for life time? or yearly?
Most of Indicator Warehouse’s products are lifetime licenses. The Support and Resistance service is a subscription model.