Kill It Or Keep It? Post entry analysis

Published on: October 08, 2013

We have a webinar coming up next week with the title “Kill It Or Keep It? Drastically Reduce Losing Daytrades”.

The idea is to focus on trade management right after you put on a day trade. For me, those first few minutes, where I’m trying to get to my first target, are instrumental in terms of trading profitably overall. The way I trade, I want to make a decision early on to cut the trade or keep it.

In the webinar, we will put on random trades and then look at order flow/related markets/market internals to decide if the trade is a keeper or not. Now, I’m not sure about you, but I don’t generally put on trades at random. Yesterday I decided to have a few practice runs to make sure the webinar will flow smoothly and not confuse people. It’s always tricky to keep up with a market but at the same time not talk through it so fast that you lose everybody.

At the same time we were having a “how do you use it” discussion in the Jigsaw Skype room and so for those guys and my own practice, I decided to put a short 5 minute ‘random trade’ video on to explain some of the things I look at.  As usual, switch to full screen mode, full HD to get the most from the video.

Of course, each trade will be different as different things are going. The webinar will be held on the 17^th October, 2013 at 9:30 AM EDT. If you’d like to join the webinar, click here: http://onlinetradercentral.com/presenter_ADE6WT.asp