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Webinar: Private Banker's Perspective on Risk Management Presentation
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Webinar: Private Banker's Perspective on Risk Management Presentation

  #21 (permalink)
 Vendor: diversifyportfolio.com 
PTA, Gauteng
 
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DarkPoolTrading's Avatar
 
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Looking forward to the webinar. Since you mentioned you trade around a position, I would be interested to hear your thoughts on the concept of a theoretical average. I've heard FT71 talk about this in his webinars where he will trade around a position, while keeping his overall risk in line with a theoretical average.

By the sounds of it, this allows him to have bigger stops when scaling out of a position on the way to his ultimate target, because he is essentially keeping track of his risk for the entire position.

In my mind there are potential pro's and con's (as with everything in trading) with this approach. If it's not too late, I would be interested to hear your thoughts.

Thanks.

Diversification is the only free lunch

Last edited by DarkPoolTrading; May 14th, 2013 at 10:46 AM.
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  #22 (permalink)
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Looking forward to it too.

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  #23 (permalink)
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Private Banker View Post
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.

Cheers,
Ben

this is totally what i am looking for....once position is started, initial or "core" position, then how to add/remove to the position from "entry zone" to "exit zone", especially if the position is more of trend-following position without neccessarily fixed target zone. the other one being mean-reversion type trade where there aren't that many zig-zags but still want to initiate and then grow/reduce position.

hopefully all of this ties to concept that risk is dynamic and r:r ratio changes once price starts moving away from entry zone to exit zone.

thanks,
tihfa

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  #24 (permalink)
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The webinar room is now open.

Mike

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  #25 (permalink)
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Thank you Ben @Private Banker for your time today.

I'll post the recording soon.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
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  #26 (permalink)
Market Wizard
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thanks for the webinar Ben..a true professional

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  #27 (permalink)
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Private Banker

Great webinar. thanks Ben, it was very insightful.

VV

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  #28 (permalink)
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Tip


The webinar recording has been posted:

Webinar: Private Banker on Risk




Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 5 users say Thank You to Big Mike for this post:
 
  #29 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,218 received

What did everyone think of the webinar?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #30 (permalink)
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Big Mike View Post
What did everyone think of the webinar?

Mike

Simply fantastic! I sure hope that you can convince Ben to do more webinars..

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