Trading Process and Strategy

Trade Management is More Important than Trade Entry

Over a series of trades your trade management decisions will have greater impact upon your P&L than will your entry. Almost daily I get emails asking why a certain trade didn’t work. Almost every time, the trader is missing the point. Trades don’t always work. Our profit and loss comes not from any one particular…

Trading Process and Strategy

Structural Entries Allow For Imperfection

If a trade is scratched or stopped out and the premise remains valid, you should consider re-entry. Of course, that’s easier said than done. You’ve just taken a loss. It’s hard to get back in and risk further funds. But here’s the thing… Given the uncertainty of price movement, it’s unreasonable to expect that you’ll…