Trading
Complete Guide to Trading Part 3: Trade Management
By Yieldphoria  •  January 15, 2020
After our article on preparations before live trading, we have come to the part that truly matters, live trading. In this article, we will be going through what are the things to do and not to do during trading. With a well thought out trading plan, it is time for the execution. Monitor Your Trades While watching over your positions is necessary, how closely should you monitor them is a tricky question. Some would say to let the position play out on its own while others say to monitor your position closely. I would say the answer to this is it depends on what time frame you are trading and how tight your stop-loss is. Many new traders like to watch over their trades very intently. Instead of letting their trades being taken out by the market, new traders like to manually exit the positions before their profit...
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By Yieldphoria
I created this blog to pen my thoughts on investments, trading and anything related to finance. I started to trade and invest on my own since 2009. In 2014, I joined a proprietary trading firm and I have been trading professionally ever since.
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