Remek! Premium user guide

Part Four

Trade Management

Scroll down to download the multiple instrument workspace and the chart templates

  • It is said you can give the same rules to two different traders and one will make money and the other won’t. This is, quite possibly, true. Trade management skills - what we do after we enter the trade - as well as psychological skills (emotional control) are of primary importance.

    We do our best to help you manage your trades profitably by:

  • emphasizing incessantly the importance of doing the math: how many contracts you can afford, what stops you can afford, what chart sizes (timeframes) you can afford, etc. Make sure you make good use of our free calculators.

  • sharing with you our own trade management rules, written in the body of each trade notification email. We only divert from these rules with good reason. To repeat them here:
    - our initial stop is at the opposite side of the Keltner, and usually beyond the last pivot. We call this R (risk).
    - our first target is distance R (the same distance as risk), which we call 1R. At 1R you’re free to remove your whole position, or remove half of it, or two thirds of it, and pull up your stop and trail the remaining position. Whatever rules you decide on, follow them, so you can measure your performance and make adjustments if needed as part of your regular review process.

  • sharing with you our trading methodology as deployed daily on the markets, giving you an opportunity to develop confidence in your trading

    Note: you’ll have to customize the above trade management rules to your own specific situation. Once you have them, strive to be consistent, but review them regularly, and modify them as needed.

A typical Remek! Premium email attachment

Note: for the indicators to show, you will need Remek! Momentum Pro Indicator or one of the Standalones. For Remek! Converter (the USD column), you will need Remek! Converter, for the RRS column you’ll need Remek! Relative Strength.

Disclaimer

All information in this document, on these pages, on the remek.ca website, as well as all correspondence and other communications sent by Remek! is for educational purposes only. By using this service you agree to the Terms and Conditions at https://www.remek.ca/legal. By using this service, you also request us to send you emails on a regular basis to the email address you provided. You have received this document because you have signed up for our Remek! Premium service. This document is protected by international copyright. No part of this document may be altered, distributed and/or transmitted in any way without the prior written consent of Remek! Trading Systems, Inc. Copyright (c) Remek! Trading Systems, Inc. Canada 2019. All rights reserved.