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Webinar: Private Banker's Perspective on Risk Management Presentation
If not too late, would be interested to know how much (if any) order flow reading goes into your trading.
I see you have TT on your profile - do you use this for order flow scalping, trade confirmation, or more?
Looking forward to your presentation very much indeed. Many thanks and much appreciate you taking up your valuable time for us futures.io (formerly BMT)ers.
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
Hi Richard,
If you're not familiar with what I do, I use the footprint (Numbers Bars - Sierra Chart equivalent) extensively in my trading. I do not scalp trade but trade around a position until may final target area is reached. I'll provide several examples of this. This presentation will not be a discussion on how I trade rather it will be a discussion regarding risk management in trading with some examples on how I manage risk. Hopefully it will be helpful for everyone.
Not sure I can make the live webinar either but really looking forward to this! Thanks in advance for sharing your knowledge Ben - and thanks Mike for putting this together.
Seek freedom and become captive of your desires. Seek discipline and find your liberty. - Frank Herbert
How did you come up with your risk parameters in CL in the first place?
Do you adjust your risk while in a trade? ( would you close out a trade if it doesn't not respond the way you anticipate?)
What are the major determining factors for the amount of financial risk you are willing to take? Under what circumstances would you be willing to accept more financial risk, or less? Do you have an example?
What are the biggest differences in the approach to risk of institutional compared to retail investors?
I'm looking forward to this webinar as well, since risk and money management are always exciting topics which often are discussed pretty controversial.