June 11, 2010
- in Uncategorized by schooloftrade
Trade Management for Position Trading & Scalping
Make sure you use the correct trade management for the chart you’re trading:
– Scalpers will use the same trade management every single time they execute
- 4/8/Runner
– Day Traders / Position Trader
- Use the market’s support and resistance to plan our trade management
- Most common ways to place your stops and targets:
? Swing-High/Low
? Trigger Line (thin yellow)
