We’ll be doing a free webinar with MB Trading tonight Tuesday, September 28th at 8PM ET. You’ll see some real life examples of how traders like you have been able to improve their trading and become more consistent in the markets. No matter what type of trading you do, you’ll be able to leave the webinar with some concrete information that you can apply to your own trading.

It’s free! Signup now.

In the webinar we’ll discuss these topics and take your questions:

• Learn the easiest way to keep track of your trades
• How to determine what works across a large number of your trades
• Use StockTickr’s reports to see where you’re trading the best
• Use backtesting to run simulations and what-if scenarios of the trades you took
• Categorize your trades by strategy and other factors
• Much, much more

This webinar promises to be well worth your time. Signup now.

Incoming search terms:

• mb trading stocktickr

We’ve recently added support for over 27 Forex currency pairs on StockTickr. So if you trade Forex then you can now use StockTickr to track your performance and become a better trader. Sign up now and take a free trial.

Learn more about improving your trading with StockTickr in a free webinar scheduled for next Tuesday, September 28th at 8PM ET. The webinar is sponsored by MB Trading. You can sign up here.

StockTickr provides:

• Trade Charting – Analyze your trades on charts with your entry, exit, and stop price automatically plotted right on the chart allowing you to quickly review dozens of trades by flipping through charts and identifying new patterns.
• Dozens of Reports – Access to easy to use reports that show how you can take your trading to the next level, for example by changing how you take profits or manage stops.
• Backtesting – Run simulations and what-if scenarios to see how you can improve your trading. Use the backtester to help you answer questions such as: would you be better of scaling out of trades? Or, would you be better off using a target across your trades?
• Categorize with Tags – Use tags to classify your trades and view reports and charts for subsets of your trades. Now you can easily see performance across different types of strategies you are trading and identify the most promising ones.
• Automated Trading, Graphs, and much, much more.

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As I’ve increased my trading size over the years, I’ve thought more about money management and the best way to approach it. You can make money management as complicated an issue as you want to, but as with most aspects of trading, simpler is often better.

As I decide how much to increase my trading size, the main question I ask myself is:

How much am I willing to lose in a single day?

That’s really what it boils down to. You are going to have to tolerate big down days to have the big up days so the question really is how much heat are you able and willing to bear to ensure that you catch the profitable days?

If you don’t have a good idea about how much it’s possible for you to lose in whatever timeframe you’re trading in, then you should probably do a little more research until you have that answer. That’s because one day you will lose that much money (and maybe more with slippage) and when the next trade comes along it’s easy to second guess yourself and screw something up.

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• how to money management for trading journal
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