Money Management Calculator and Trading Journal - Part 1

http://www.davegagneblog.com: Get the tracking sheet at my blog for FREE. In this video I give you an overview of the money management calculator component and show you how use this tool to manage risk, use the right position size, how to exit a trade and how to analyze your trades.

I will also cover some things you may not have heard of before. Such as the MOVING AVERAGE PIERCE and the 5xMA rule. If you're familiar with my book you will understand these exit strategies and concepts.

You may want to re-read the money management chapters so it will be fresh in your mind. If you haven't read my book don't worry, I'll briefly explain these concepts for you in this video. But they are not necessary for you to get the full benefit of this tool.

Of course the exit strategies I do outline are very powerful and I do recommend you pick up a copy of my book. You can watch a FREE Presentation that will explain all the details at http://www.tradingmasterplan.com

Category:

Education

Tags:

• exit strategies
• how to exit a trade
• initial stop
• trailing stop
• position sizing
• maximum risk
• moving average
• average true range
• shares
• stock commissions
• pivot points
• trading journal
• tracking sheet
• stock tracker
• money management
• calculator
• long stocks
• short selling
• short stocks
• reward to risk
• trading statistics
• spreadsheet