As a prudent trader and investor, it is not just enough to create a fresh position. It is a lot more important to monitor your positions. Your trading account typically provides you with an in-built portfolio tracker that can help you through this process and you can also set triggers. So what exactly do you monitor?
You monitor returns, you monitor risks and you also monitor if you’re trading or investment strategy is along the lines you originally set out. Also ensure that your trading activity is in sync with your overall philosophy and you’re trading and investment rules lay out.
As a prudent trader and investor, it is not just enough to create a fresh position. It is a lot more important to monitor your positions. Your trading account typically provides you with an in-built portfolio tracker that can help you through this process and you can also set triggers. So what exactly do you monitor?
You monitor returns, you monitor risks and you also monitor if you’re trading or investment strategy is along the lines you originally set out. Also ensure that your trading activity is in sync with your overall philosophy and you’re trading and investment rules lay out.