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What the video below and learn the 3 myths of money management that are responsible for traders busting their accounts.
What amazes traders the most after using the Trade Manager is how much money they were leaving on the table by not having the correct amount of shares or contracts for each trade.
95% of trading performance is based on your position size, which is the percentage risk in relation to the size of your account or volatility of the Market. Trade Manager tells you how many contracts you need to have in order to maximize your trading results.
Automated money management and position sizing are the two most important components of trading. It’s what separates winning traders from losing traders.
Trade Manager automatically calculates the correct amount of contracts or shares based on your account size or market volatility… and then enables you to place the trade directly from your chart. By the time you exit the trade you are making MAXIMUM MONEY on MINIMAL RISK. And isn’t that the goal?
Automated stop-loss management and position sizing alone can cure most of the problems that individual traders have. In trading, you’re not paid for analyzing charts and…you’re not paid for placing the order or having the fastest execution platform. What you are paid for is successfully managing the position while it’s in play.
Most traders obsess on finding the “best” entry point to get into their trade, but where is the money being made on your trades? The position size and the exit!
Remember… the ONLY thing you can truly control is your risk (position size). You cannot control where the market is going to go. No one can. But, you can remove some of the stress by knowing your risk before you enter a trade and then letting an automated tool manage your position once its in play. In fact, with Trade Manager, you can put on a position and then forget about it.
Trade Manager will trail your stop(s) for you. Thereby, freeing you up to take other trades. Think of it like having multiple fishing poles in the water at the same time. You exponentially increase your chances of scorning the Big Fish!
The easiest way to tell if a trader is going to be profitable is by looking at how they handle these two cardinal rules:
Trade Manager does both of these for you! Trade Manager is an essential trading tool that works with any system or collection of indicators on the NinjaTader platform. Trade Manager ensures that you take the maximum profit from each and every trade you take. Finally, a tool that truly “lets your profits run” without further risk!
Note: Trade Manager (previously called Profit Manager and Risk Manager) has been updated such that once a trade has been initiated, you can now change trailing stop types during an active position. In addition, Trade Manager can now be used on more than one chart per instrument.
Adam, I just wanted to take a moment to thank you for the incredibly kind service and super fast response that you personally gave to me. What’s more you and Stephanie should be applauded for the level of integrity and attention that you showed to me as a new customer. First, Stephanie could not have been more helpful in my determination to purchase all three DTS birds from Indicator Warehouse. She has a wealth of useful knowledge. Then when it came time to pull the trigger on my purchase, you had my back when a bothersome glitch occurred with PayPal. After installation, Ben in your tech support department was “by my side” until all three Birds and the Trade Manager were installed and running smoothly. Indicator Warehouse is a first class, customer centered organization. Thank you, Adam, and please thank Stephanie and thank Ben for everything! John H. – Charleston, SC
I was laid off in October 2012 and decided to try trading stocks to replace the paycheck since I was 60 years old and the chances of finding a new engineering manager job was pretty slim in this economy. At first I tried trading stocks by viewing the stock charts. That didn’t work well so I then studied stock indicators and tried to trade stocks using various stock indicators in addition to the stock charts. I had as many losing trades as winning trades so that did not work well either. After about three months of no success, I then looked at various software packages for trading stocks and came across the DTS software by Indicator Warehouse. I decided to try it as the software gave suggested entry points to purchase or sell the trades and I liked the risk management approach used by the Trade Manager program. The training by Indicator Warehouse has been great and the support by Ben and Stefanie has been outstanding. I have been trading with the DTS Falcon Swing program (with Trade Manager) and with the Ninja Trader stock indicators for a month now and just purchased the DTS Eagle Trend program. My trading success has been great as I have been consistently making more money than I made in my previous job. I look forward to now using the DTS Eagle program in addition to the DTS Falcon program and having even more success.
M. Asselin – Hebron, New Hampshire
I just recently purchased your DTS Falcon trader system along with the New Trade Manager and i just want to say what a amazing system this is. I’m new at trading and i have tried several other software indicators and nothing compares to DTS. Its extremely simple to understand for the newbie and the customer service is excellent. If your looking for a software indicator package to help with your trades look no further…. this is it!!!! thank you Adam Halpern.
David Jae – Oak Park, CA
I liked this much improved version of the Trade Manager. I could place an order and simply trade a price I wanted and then Submit the order. I liked the speed of its execution in and out of a trade, the simplicity and its speed of setting up a Strategy, the Options of Soft and Hard setups, the speed of the Hard entry and the way it places your Price Targets all with a click of a button T1 10 and T2 20 complete with the number of Contracts all in, all out perfect. I liked the BUY BID then going to Break Even, still increasing the bank balance, the idea of OCO (One Cancels Other) that’s a nice touch. Also liked REVERS / CLOSE button and the nice neutral colors of the Trade Manager and using the ATR as my trailing stop because eventually it catches-up with price. This new version is something else, and the problem it solves for me was getting closer to price and making things easier for me to protect my account. F. Watkins, Fleetwood, Nr Blackpool, Lancashire UK.
New Trade Manager’s flexibility to change stops and global settings for different time frames removes my frustration from changing my stops to secure more profits in mega trend situation. TM has covered almost every aspect I can think of at the moment. New Trader Manager is just the greatest tool for risk management in the market. D. Lee, San Francisco, CA
Position management is the bomb(everyone talks about the % risk sizing model, but even though I can trade more that 1 or 2 lots I rarely seem to trade like that in real time) and so to have it done automatically is great!! I can just dial in the % risk and go. Easily reduce leverage and knowing the actual cost of my profit targets and expected profit of prior to submitting the trade. I also love the fact that the I can change the stop indicator mechanism on the fly and get a preview of different stop before I commit to changing. C. Faulkner, Aptos, CA
Trade Manager allows me the flexibility to adjust trailing stops during trade with a wide selection of dynamic trailing stops for different market conditions and intervals. Quick and accurate position sizing for different instruments with own contract specs. TM determines for me the proper position size for account size and risk tolerance to overcapitalize winners and undercapitalize losers. This reduces stress and emotional trading by combining specific targets and runners. Norman, Canada
The Account Protection feature – being able to trade the correct number of shares by setting your entry and stop price based on the % of your account that you are willing to risk on any one trade is fantastic. Along the same lines, being able to automatically have the number of shares rounded to the nearest hundred is a bonus! No more uneven number of shares, which always increased commissions. Also, being able to set pre-defined targets that are automatically placed upon setting your entry price and stop is quick, easy, and beneficial. Finally, the ability to see the proper placement of stops (based on many options) lessens the emotion of stop placement. I used to set my stops too tight. Now I place them using the bar high / low – 5 bars back and stick to them. TM is a complete system for proper account management and stop placement. It’s the only complete system to properly manage a trade before, during, and after. If you are a serious trader you need this. David G., Cedar Rapids, Iowa
“Profit Manager is a big help when setting stops. I set the program to manual and use it on different charts with different stop parameters. I do this because the ES can have different volatility even trading short term making different stop parameters work better a different time. When I see a chart I like with a stop parameter that looks reasonable, I switch that chart to auto. By switching to auto I can then let the trade run and avoid the impulse to cut the trade short or the need to sit and babysit the trade to its conclusion.” Geof, Knoxville, Tennessee
“I liked knowing instantly if the trade was going to have at least a 1:1 risk reward ratio. It shows you instantly if a trade is worth getting in to. Erich’s explanation of risk management has changed the way I think about trading and Profit Manager along with Risk Manager I’m certain make trading a whole lot easier..” B. Parente, Knoxville, Tennessee
“Profit Manager is user friendly, prevents losses, and takes advantage of big moves with the use of trailing stops. I can set up a trade and go do other things without having to be glued to the computer. It minimizes losses while maximizing profits and helps me manage psychological factors…” D. Nichols, Fremont, NH
“Profit Manager has the ability to stick to a trading plan and has a large range
of stop choices. Ability to let a trade run its course without worrying about
not moving stop because my attention was diverted. I find that when watching
the charts it is too easy to let emotions affect decisions and get out early -
it is also a great visual of how to best manage trades historically. I have
been using two charts per instrument. One chart has a strategy for entries the
other has profit manager for exits.” C. Patterson Perth, Western Australia
“Many thanks for this update Adam. I’ve got PM ‘humming’ now – it truly is a wonderful indicator.” T. Carroll, Brisbane, Australia
New Trade Manager’s flexibility to change stops and global settings for different time frames removes my frustration from changing my stops to secure more profits in mega trend situation. TM has covered almost every aspect I can think of at the moment. New Trader Manager is just the greatest tool for risk management in the market.D. Lee – San Francisco, CA
Important Note: Trade Manager is designed to be your only trade management tool. You cannot adjust orders submitted by the Trade Manager by using the DOM, Chart Trader, or the Control Center. Doing so will cause the Trade Manager to be out of sync with your position, and can give undesirable results!
Minimum screen resolution required to use Trade Manager is 1024 X 768.
[Trade Manager (or any Ninja strategy) can be used with the free version of NinjaTrader, but if you want to trade live and use Trade Manager (or any Ninja strategy), you must lease or purchase a license from NinjaTrader].
You will need 1 license per trading computer. Example: If you want to install on a desktop, laptop, and a work computer, you will need a license for 3 computers. Each license comes at a discount.