Tool
The Trading Mandate
A fund gives its traders a written mandate. Write your own in five minutes, on a calm day, then copy it somewhere you'll see it before every session.
How to use it
- Write it outside market hours. A limit set during a session is set by the session.
- Keep the numbers yours. The examples above show the format. They aren't recommendations.
- Read it before you start. Keep it where you can't miss it.
- Enforce the 24-hour rule. Tighten any time. Loosen only with notice.
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