Every successful Trader and Investor knows the importance of a proven trading plan or system and understand it requires both entry and exit rules and the discipline to follow them. Most unfortunately focus almost all of their attention in only finding what to trade and when. To survive it
s more important to have and follow a sound, easy to understand,
Money Risk Management plan. This user-friendly software will automatically calculate
your trade size or how many shares to trade, where your initial Stop loss exit price level will be, protecting your Trading Capital & your Trailing / Profit Stop exit price, to protect your Profits.
This Money Management software will give you a simple step-by-step method of keeping your emotions in check, remove the guess work from your trading, help monitor your performance accurately, with simple to understand reporting and track each trade easily as it integrates with your MetaStock data. It will help make sure you benefit by using sophisticated Money Risk Management strategies that work!
How to Handle your trade?
Every successful Trader and Investor knows the importance of a proven trading plan or system and understand it requires both entry and exit rules and the discipline to follow them. Most unfortunately focus almost all of their attention in only finding what to trade and when. To survive it
s more important to have and follow a sound, easy to understand,
Money Risk Management plan. This user-friendly software will automatically calculate
your trade size or how many shares to trade, where your initial Stop loss exit price level will be, protecting your Trading Capital & your Trailing / Profit Stop exit price, to protect your Profits.
This Money Management software will give you a simple step-by-step method of keeping your emotions in check, remove the guess work from your trading, help monitor your performance accurately, with simple to understand reporting and track each trade easily as it integrates with your MetaStock data. It will help make sure you benefit by using sophisticated Money Risk Management strategies that work!
"After entering a trade, you are no longer a Trader but a Risk Manager."
If you are a beginner and do not know why money, risk and trade management are vital components of your trading we recommend you read Trade Your Way to Financial Freedom and Trading For A Living. Without adopting these disciplines, you are highly likely to become an emotional trader and take unnecessary risks with your capital. This software will help put you on the path to disciplined trading.
If you are already an active trader, you are most likely interested in a simple way to manage your trading. JBL Risk Manager gives you Automatic Trade/Position Sizing, Initial Stop and Trailing Stop exit price calculations, Multiple Portfolios, Short & Long trades, integrates with your MetaStock database, Stock Split Adjustment, Performance: Win/Loss ratios, Trade Expectancy and with permission from The Van Tharp Institute System Quality Number, R-Multiples and R-Expectancy.
Components of our Risk/Money Management System
- Our Profit or Trailing Stop will never be below your Initial Stop Loss. Always steady or moving up when in Profit but never down and will adjust automatically.
- Your maximum Risk per trade (loss) will never be more than *2% of true Trading Capital (less brokerage). Automatically calculated and displayed before every trade entry.
- JBLRM will automatically trigger an EXIT! when your Stop, is hit.
- Maximum size of each trade will never be more than *20% of TRUE Trading Capital.
- Time Stop exit is triggered if trade has not hit breakeven within 10 days, money can be better invested elsewhere but long term investors may choose to ignore
*Of course, you can also modify these parameters, easily. JBLRM can also act as your Performance monitor; it will track and progressively calculate your trading performance automatically. Also ideal for those paper trading or back testing your trading parameters.
- Automatic Trade Sizing how many shares to BUY or Short Sell for each trade
- Stop Placement calculated Stop Loss and Trailing / Profit Stop exit price
- Integrates with your MetaStock database for automatic daily updates
- Share Trading Journal kept for each trade
- Share Price History saved for all trade entries
- Long and Short trades allowed for with individual performance reporting
- Technical Stop entry is optional and can be used in place of the automatic Trailing Stop
- Maximum % Risk takes brokerage both ways into account
- Limits over trading and too many Open Trades
- Multiple portfolios and currency symbols for trading and back testing
- Power Pivot Points automatically calculated daily, for short term trends and trend bias
- Portfolio Average $Win and $Loss calculated after each trade
- Portfolio %Win and %Loss Ratio calculated after each trade
- Show summary of all Open and Closed Positions very easily
- Show Cumulative Profit/Loss and available Cash
- Average trading period for portfolio and trading days of each trade
- Average $Rate of Return - Trade Expectancy
- Total Brokerage charges of all closed positions
- Stock Split adjustment is a simple process on all open positions
- Portfolio Performance accurate and thorough automatically calculated
Now included with kind permission from The Van Tharp Institute (IITM)
- System Quality Number (SM) automatically calculated (ideal back-testing tool)
- R Multiple reward to risk ratio automatically calculated for each closed trade
- R Expectancy ratio automatically calculated
- Sector Analysis Monitoring and Control
JBL Risk Manager was developed for those Traders and Investors that trade Shares but Options, Forex and Futures is also currently being considered.
See the pictures and click to enlarge:
