Hopefully most of you have watched this old video by now, it's
been on the site for a few years regarding how to determine your
trade position size by your risk tolerance, or what you are willing
to risk on your trade. If you haven't watched that video before I
suggest you watch that from the
Education Section
Anyway I've been working on a convenient automated tool in
Tradestation to do this for you. I also show how one can use this
for nightly trade ideas to pre set your orders. Anyway just
watch the video
Posted by jtsurfah on 25th of Aug 2021 at 08:02 pm
Love this - thanks! I'm going to look at the brokers I currently
have in play before going back to TradeStation but looks like TS
might be the way to go for at least the very active portion of my
portfolios. Any idea if IB or TOS have similiar functionality
(minus the part where you calculate position size)? I know they
basically do...but is there added functionality through TS?
Well...the other thing we'd like to add is the ability to just
draw trendlines and have those trendlines trigger your entries,
stops, targets vs just the small horizontal lines. I have a beta of
this with quick trade buttons that I didn't show in the video
otherwise one thing that I went over that I think would really
help you guys is when you look at the trade setups from the
newsletter, open those charts in TS like this, and draw the
trendliens, then set the buy stops with pre set OSO stop and profit
targets - this interaction will really improve your trading and the
methodical nature installs discipline
Cool tool I've developed to help trade our watchlist ideas
Posted by matt on 25th of Aug 2021 at 01:47 pm
Hopefully most of you have watched this old video by now, it's been on the site for a few years regarding how to determine your trade position size by your risk tolerance, or what you are willing to risk on your trade. If you haven't watched that video before I suggest you watch that from the Education Section
Anyway I've been working on a convenient automated tool in Tradestation to do this for you. I also show how one can use this for nightly trade ideas to pre set your orders. Anyway just watch the video
CLICK HERE to watch the video
Love this - thanks! I'm
Posted by jtsurfah on 25th of Aug 2021 at 08:02 pm
Love this - thanks! I'm going to look at the brokers I currently have in play before going back to TradeStation but looks like TS might be the way to go for at least the very active portion of my portfolios. Any idea if IB or TOS have similiar functionality (minus the part where you calculate position size)? I know they basically do...but is there added functionality through TS?
Well...the other thing we'd like
Posted by matt on 25th of Aug 2021 at 08:52 pm
Well...the other thing we'd like to add is the ability to just draw trendlines and have those trendlines trigger your entries, stops, targets vs just the small horizontal lines. I have a beta of this with quick trade buttons that I didn't show in the video
otherwise one thing that I went over that I think would really help you guys is when you look at the trade setups from the newsletter, open those charts in TS like this, and draw the trendliens, then set the buy stops with pre set OSO stop and profit targets - this interaction will really improve your trading and the methodical nature installs discipline
Nice value add to what
Posted by wjshaf21 on 25th of Aug 2021 at 06:24 pm
Nice value add to what is a much anticipated rollout. Thanks Matt.
I can just feel the
Posted by Trendie on 25th of Aug 2021 at 01:52 pm
I can just feel the gravitational pull toward TradeStation...... :o) You'd miss my ugly charts.