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Whether you’re new to trading or highly experienced, you might struggle with these questions:
The key, says Glenn Neely, is a strategy he calls "money management" – a critical concept every trader should learn to protect your bottom line. For traders, "money management" is a nuts-and-bolts approach to actively manage your money throughout the trading process to improve trading results. Mr. Neely presents these techniques in his newly released video: “The make-or-break concept for successful trading and investing.”
“In fact,” he explains in the video, “I consider money management to be the most important part of trading and investing, because you need an ongoing, objective way to continuously watch the bottom line – and know when to exit. Otherwise, if the market starts going against you, you can blow up your whole account fairly quickly.” View the video link below...
In the video, Glenn Neely introduces an automatic, easy-to-use, and highly objective money management software tool: Neely River Trading’s Money Management App for TradeStation.
Mr. 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. Now, an easy-to-use app empowers you to automatically apply the money management strategy to improve your bottom-line results.
Armed with the Neely River Trading Money Management App for TradeStation, you have an automatic money management software tool. This easy-to-use tool gives you insights to objectively time your 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," Mr. 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."
He explains how this strategy helps to protect your bottom-line trading results and presents highlights of the Neely River Trading Money Management App. View the video link below...
