The question every trader has, but few know the answer:
"How do I unemotionally cut my losses quickly and let my profits run?"
The Neely River PROFIT PROTECTION app is your answer!
Using a rule-based approach to trading, this App will guide you to protect profits and preserve capital. Simply run the application and it will tell you exactly...
Positions which need protecting
Positions which need exiting at a profit (full or in part)
Positions which need to be fully exited to quickly cut your losses
This App integrates information from your TradeStation account and then organizes the data into an easy-to-understand strategic roadmap.
It shows you how many positions are Short the market.
It shows the percent profit on each position and the return on your entire portfolio.
It tells you when to exit a position or protect it with options. This is the critical part of this program!
Armed with this easy-to-use software, you can objectively and unemotionally manage all your positions (even dozens of positions) in a few minutes each day.
Successful trading with "profit protection" is to objectively time entries, cut losses and let profits run.
Glenn Neely knows from personal experience that every trader MUST implement profit protection strategies to be successful.
"I consider the concept of profit protection to be the most important part of trading and investing; you need an objective way to continuously watch your bottom line. Knowing when to exit is a crucial part of that process. If you don't exit losing positions aggressively, you can quickly blow up your entire account." Glenn Neely