Manage Trade Risk, Monitor Your Trading Performance, Test Your Strategies
Now you can manage your trades like a professional. Keeping track of your trading performance and trading capital are hallmarks of successful traders. The "Trade Manager Pro" software, developed for the modern MAC OS X operating system, will automatically track your trades, manage risk, calculate trade size, and track your trading performance.
Also, learn how to trade at a professional level by developing your own personal trading plan and money management strategy with the book "Trading Your Way: Develop Your Personal Trading Plan."
Develop a Traders Mind-set, Learn Successful Money Management Principles, Develop a Personal Trading Plan
Professional traders generate consistent profits by following a well thought out trading and money management strategy. They also have a special mind-set that gives them the discipline to execute their plan. A successful trading strategy includes three essential elements.
- Mind-set - Psychology
- Your Mind-set is the most important aspect of trading and is one of the main contributing factors in determining whether you win or lose.
- Money Management - Managing Risk
- Capital preservation through risk control. Professional traders manage risk religiously.
- Method - Your Plan
- You must have a plan that puts all the elements of your trading activity together to generate consistent profits.
"Trading Your Way: Develop Your Personal Trading Plan" provides a framework of essential elements used in developing a personal trading plan and winning mind-set. This framework can then be applied to your personal trading style and risk profile. Having a personalized, structured trading plan will help you preserve your trading capital, stay emotionally detached, and help you become more profitable.