No 2 Trades Are The Same (Risk Management)
Any successful trader knows that managing risk is not just about minimizing risk, it’s also about knowing when to take on more risk. In my experience successful trading is about seizing moments & some moments require taking on more risk than others.
On this week's Ninja Trader Charting Edge, we touch on the E-mini S&P 500 and whether I think it's bullish, bearish, or looking like we're going to consolidate.
Learning when to increase or decrease your size and risk is a skill all traders need to have. For example in the indices, when there's divergence between them I risk less, but when they're all moving together in the same direction I'm willing to take on more risk.
To finish off, I'll share my final thoughts with you guys with a popular tweet between the community, why your trading plan shouldn't be set in stone and should be adaptable to any scenario or environment.
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Develop Your Edge is a weekly talk show hosted by 22-year futures veteran and CME member Anthony Crudele, an ex-pit trader and one of the first to trade the E-Mini S&P. Past performance is not indicative of future results. Neither Anthony Crudele nor his guest’s guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on this website or on the show. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this website or on the show may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned on this website or on the show. Before acting on information on this website or on the show, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
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