Trade management is a critical component of a trading strategy.
It can often be the difference between a profitable trade and a loss...
However many traders focus on the entry only and leave trade management as an afterthought.
In episode 49 of the podcast, Linda Raschke, said "trade management is probably the most neglected area of system development".
In that episode we focused on Linda's approach to modelling the markets but in this episode Linda is back to discuss trade management and exits, including:
Disclaimer:
Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.