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5. Futures Economic Reports for Friday August 28, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
The volatility continues….some fast, large intraday moves.
One thing really jumps at me today and that is that most traders spend so much time on when to buy, when to sell, exit and entry strategies etc. and so little time on proper money management and position size.
During this type of volatility, one must reduce trading size in my opinion.
Stops have to be wider , hence position size needs to be smaller.
You have to calculate your daily risk limit and set daily profit targets as well.
I wrote much more about this topic in this article that was published few years back in SFO magazine.
Read it here. Survive to trade another day……
Continue reading “Volatility Continues in Futures Markets & Economic Reports 8.28.2015”