Immediate Trade

The Flat Earth Trading Society

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Greg P
Greg P
Posted underEducationFlat Earth Trading SocietyMaverick TradingRobb ReinholdTail Risk

In this Flat Earth Trading Society video, Robb Reinhold discusses the challenges of setting stops for trades based on dollar amounts or percentages due to different stocks’ volatility. The “Flat Earth Trading Society” videos are a joke/demo by Robb to not only promote his prop trading firm, but also demonstrate how to let winners run and cut losers using a simple gauge of volatility called Average True Range (ATR), an indicator that measures the size of price movements. He suggests adjusting stops based on a volatility/ATR. By using ATR, traders can more effectively manage their stops and account for the unique characteristics of each underlying symbol. This is a great way to examine risk vs. rewards.

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