How to manage a large account depends on a lot of variables but in this excerpt from a GO Ask A Trader monthly webinar John Locke digs into a question from a trader who asked about managing a trading account of $25 million. It might not be what you think!
Click here or in the video to get the details!
To give great, actionable suggestions to a trader on how to manage a large account would be highly specific to each individual situation.
The first thing we suggest to look at when answering this question is a person’s net worth. Net worth can give a much better idea of how much a trader needs to rely on the funds in their trading account.
This will provide a good indicator of how much account value fluctuation a trader can handle before their emotions might get in the way of their trading.
Another factor is to be aware of market movement probabilities in order to select the appropriate strategy for where the market is and where it might be going. Always be on the lookout for good values.
The Market Outlook webinar we provide every week can give you some ideas about how to find those good values.
There is lots of fantastic information in this segment, you’ll want to take notes!
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We know you will enjoy this insightful podcast where we discuss the many aspects of trading and what it takes to remain profitable over a lifetime. Please comment or ask questions. We would love to help elevate your trading!