Kam Dhadwar – Trade Execution & Trade Management

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Description

I am frequently asked what I look for when I execute transactions and how I manage my risk. To begin, I believe you must grasp the Market Structure and the prospective possibility. You must have an idea of what the market will do next. BEFORE you enter the market, you must know and grasp where it is likely to go. “You must then trade in the space between where you are and where you want to go,” says the author (A popular quote from the late Ari Kiev). When you have this fundamental framework in place, you can begin to create conviction and confidence in the notion by observing real-time action. This is why the most crucial thing to have in place is to plan every trading day and individual deal.

When it comes to doing business and entering a trade, I personally monitor Price and how it moves about my levels and places of operation. Simultaneously, I monitor the volume of trade on the Bid and Ask.

Because much of trading is an art form, simply monitoring and reading the information is insufficient; you must also FEEL IT. This takes time and practice to master, but it is doable. You’ll often hear me state that this feels like it’s topping out or bottoming out, that it’s lifting offers or hitting bids nicely. That’s how I get into the rhythm and feel of the market, how I tune in. Gaining Belief and Confidence in a Trading Idea is all about Trading Price and Order Flow. It is critical to trade with your emotions. I want to go into a trade and stick with it as long as it not only looks good and the theory holds true, but it also feels nice. If I start to doubt myself, that’s my cue to go. If I truly understand what I’m doing and the opportunity is that good, the amount of confidence I have in the transaction should keep me in it; if the confidence fades, so does the opportunity. You can always get back in if you make the incorrect call.

The key to understanding order flow and trading with it for execution and trade management is to not only observe the order flow to make judgments. You must examine how the orders affected the price and comprehend where the price was trading in relation to the market structure (context) and the opportunity that you are watching. Some inexperienced traders will get lured into searching for size on the tape and footprints, as well as Delta (Net Market BuyingSelling), and base their judgments only on this. While this is helpful information, it is largely ineffective on its own. When you notice size trade, it has succeeded and signifies nothing because there is a buyer for every sale and a seller for every buyer. For example, 200 sellers pressing the Bid have just filled 200 contracts from Bid Buyers, therefore they cancel each other out. It’s always a zero sum game. Also, one good deal does not affect the market, especially in a liquid market! It is a competitive market with several large participants that frequently trade against one other.

So, what’s the point? So, I believe you should ask the correct questions, such as:

– Who is growing more combative? Is it the buyers who lift the sellers’ offers, the sellers who hit the buyers’ bids, the sellers who absorb the buyer lifting, or the buyers who absorb the sellers hitting?

– What did the market achieve after those orders were traded? Did those who seemed hostile continue to act aggressively, and if yes, how aggressively? or did it simply dry up? What caused it to evaporate?

– Where and at what prices is rejection taking place? Acceptance occurs where and at what price? In this situation, what could it possible mean?

You see, acquiring a sense of the market and understanding what is going on requires the appropriate type of cognitive process. Holding the appropriate questions influences the mental process. If you ask the proper questions, the market will give you the appropriate answers in the MOMENT.

Financial Development Training

Financial development entails some improvements in the production of information about potential investments and the allocation of capital, the monitoring of firms and the exercise of corporate governance, trading, diversification, and risk management, the mobilization and pooling of savings, and the facilitation of the exchange of goods and services.

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