Stocks & Commodities V. 25:8 (18-30): Building A Trading Template by Girogos Siligardos
Product Description
Building A Trading Template by Girogos Siligardos
A template makes things so much easier for so many things, trading included. What should you build into yours to manage your trading?
roper trade management and money management are a must for all types of market participants. Even though there are many tradingrelated software packages, few, if any, provide a template for monitoring trades based on trade management (TM) and money management (MM) rules not related to mechanical trading methods. In this article I will discuss the main parts of such a template that can be implemented in Microsoft Excel and applied to mechanical and proprietary trading.
DEFINING SYSTEM MANAGEMENT
Money management and trade management are terms that are often misrepresented. This is because they are unrelated to entry setups but instead are related to the risk associated with the trade. Traders usually refer to position sizing when it comes to money management. But whatever term you use, there are differences between money management and trade management.
A template makes things so much easier for so many things, trading included. What should you build into yours to manage your trading?
roper trade management and money management are a must for all types of market participants. Even though there are many tradingrelated software packages, few, if any, provide a template for monitoring trades based on trade management (TM) and money management (MM) rules not related to mechanical trading methods. In this article I will discuss the main parts of such a template that can be implemented in Microsoft Excel and applied to mechanical and proprietary trading.
DEFINING SYSTEM MANAGEMENT
Money management and trade management are terms that are often misrepresented. This is because they are unrelated to entry setups but instead are related to the risk associated with the trade. Traders usually refer to position sizing when it comes to money management. But whatever term you use, there are differences between money management and trade management.
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