Monday, October 19, 2009

Trade Invalidation Management

Whenever I post a trade, I usually include a list of conditions that could invalidate the trade. These conditions invalidate the trade because they each would suggest that the reason for the trade is no longer present. This short list of conditions that would invalidate the trade isn't a substitute for experience, and they aren't always perfect. However, this list is the best way for us to quickly and easily explain what invalidates a trade.

I have heard from some customers that they have had trouble determining when a trade is invalidated, or they occasionally enter atrade that was clearly invalidated. Today, we will go over some simple steps to take that will decrease the odds of entering a clearly invalidated trade. The best way to accomplish this is by setting price alarms at key levels before the trade's entry. GFT's Dealbook software can send alarms to your email or your cell phone, so you do not need to be near your computer to be aware of an alarm being

No comments:

Post a Comment