Trade Management

Question 1

Trade management requires a bit more ……. Control

Answer 1

Psychological discipline

Question 2

Set and forget is a spectrum -

But
trade manageement is still where many traders go to…

Answer 2

…to die

Question 3

Nils trade management rules?

Answer 3

Move stop once a day max

Question 4

Track what?

Answer 4

There is software to record results automatically in auto trade journal to advise this an other insights

Question 5

Time based management?

Answer 5

After what time is idea invalidated even if stop and profit not hit

Question 6

Moving stops vs taking profits

Fixed TP when use?

Trailing TP when use?

Answer 6

Trailing used when market trending

Fixed used when market is in range

Question 7

What time frame is trade management done on

Answer 7

One or two frames lower than the trade setup usually

Look if LTF FTAs are confirming or rejecting your idea - and if either of these outcome hold or are reversed on the LTF

Question 8

Higher higher and higher lows are what kind of market structure

Answer 8

Bullish MS

Question 9

Lower highs and lower lows are what kind of market structure

Answer 9

Bearish market structure