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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)
 
DarkPoolTrading's Avatar
 DarkPoolTrading   is a Vendor
 
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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.

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 Cloudy 
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Looking forward to it too.

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  #23 (permalink)
 tihfa 
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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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 Big Mike 
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Thank you Ben @Private Banker for your time today.

I'll post the recording soon.

Mike

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  #26 (permalink)
 
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 bobarian 
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thanks for the webinar Ben..a true professional

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  #27 (permalink)
 
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 VinceVirgil 
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Great webinar. thanks Ben, it was very insightful.

VV

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  #28 (permalink)
 
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The webinar recording has been posted:

Webinar: Private Banker on Risk




Mike

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  #29 (permalink)
 
Big Mike's Avatar
 Big Mike 
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What did everyone think of the webinar?

Mike

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  #30 (permalink)
 bibulous 
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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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