Before you read this post let me lay out a few guidelines of what this is intended for and not for – because all things in trading SIMPLY DO NOT APPLY universally.
This is portfolio management. By that I mean you are managing a portfolio of at least +$50,000 USD so that you have:
- Multiple positions on
- Use various strategies
- Are expecting to model 30%-50% a year on that portfolio.
What this NOT for is for those who:
- Are day-trading only
- Using less than $15,000
- Those who are trying to make a lot of money as fast as they can.
So, don’t read this and then try to incororate it if those things above are not you. If you are trading $15,000 or less and building wealth or trading for income, then this is going to do nothing to help that. This is, like I stated above, for those who are using more than $50,000 + which and if that’s you this is just one approach, it’s not the only approach – but I will tell you this: this is an approach used by Professional Traders.