December 21, 2021 - Glenn Neely, trading advisor and creator of Neely River Trading technology, announces the availability of a new software tool: Neely River Trading's Money Management App for TradeStation. This easy-to-use app enables traders and investors worldwide to automatically and objectively apply money management strategies to improve their bottom-line results.
NEoWave's Glenn Neely has long focused on money management as a crucial strategy of successful trading. Unfortunately, this strategy is often overlooked by many traders and investors.
Why is money management critical to successful trading and investing? Neely notes that many traders - even those who are highly experienced - struggle with timing their entries, determining exactly where to place stops, being able to objectively control losses on losing trades, and confidently knowing when to let profits run. The key, Neely says, is money management – a critical concept to protect your bottom line.
“I consider money management to be the most important part of trading and investing, because you need an objective way to watch the bottom line – and know when to exit," Neely says. "Otherwise, if the market starts going against you, you can blow up your whole account fairly quickly.”
Armed with NEoWave's newly released Neely River Trading Money Management App for TradeStation, traders and investors have an automatic and highly objective money management software tool. This easy-to-use tool gives traders and investors insights to objectively time their entries, place stops, control losses on losing trades, and let profits run.
"The NRT Money Management App consolidates a lot of information from your TradeStation account, then populates the data into easy-to-view categories," Neely says. "It shows you how many positions are short and how many are long. It tells you how much return on capital you're making, the percent profit per position, and your overall return on investment. And this is the real critical part - this program will actually tell you when you should exit a position."
In a newly released video, Glenn Neely addresses the topic of money management, explains how this strategy helps to protect your bottom-line trading results, and presents highlights of the NRT Money Management App.
Watch Glenn Neely's 30-minute video:
“Money Management: A make-or-break concept for successful trading and investing”
About Glenn Neely and NEoWave, Inc.
Internationally regarded trading advisor and Elliott Wave analyst, Glenn Neely has devoted nearly 40 years to advanced Wave forecasting and successful trading strategies that protect and enhance traders' bottom-line results. His now-famous advanced NEoWave forecasting methodology provides a precise, step-by-step, logical assessment of market structure, which typically leads to more accurate forecasts. His Neely River Trading technology assists in creating lower-risk trading strategies, with a dual emphasis on effective trades and capital preservation. Wave analysts and Elliott Wave enthusiasts rely on NEoWave’s Forecasting Services to guide their market expectations for the S&P, T-Notes, Gold and Euro. Professional investors and traders worldwide trust Glenn Neely’s highly specific trading advice on NEoWave’s Trading Services: World Markets, Fixed Income, Commodities and Currencies.
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