Any successful trader knows that managing risk is not just about minimizing risk, it’s also about knowing when to take on more risk. In my experience successful trading is about seizing moments & some moments require taking on more risk than others.

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On this week’s NinjaTrader Charting Edge, we touch on the E-mini S&P 500 and whether I think it’s bullish, bearish, or looking like we’re going to consolidate.

Learning when to increase or decrease your size and risk is a skill all traders need to have. For example in the indices, when there’s divergence between them I risk less, but when they’re all moving together in the same direction I’m willing to take on more risk.

To finish off, I’ll share my final thoughts with you guys with a popular tweet between the community, why your trading plan shouldn’t be set in stone and should be adaptable to any scenario or environment.

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Develop Your Edge is a weekly YouTube show hosted by 22-year futures veteran and CME member Anthony Crudele, an ex-pit trader and one of the first to trade the E-Mini S&P. Each week Anthony and his guests discuss what they are doing to Develop Their Edge in trading futures! Past performance is no guarantee of future results.