Guys welcome to a tip tuesday. This is trader bryce. Today's stewie tip involves involves risk management. We all need risk management in fact.

It is the number one important thing for you to become profitable and consistent. Now when trying to figure out you know what should my starting risk be a lot of people basically are like well. It should be x percent of your account per trade or whatever that number is for you the the fact of the matter is guys like you need to pick a number that you are willing to lose and i know that sounds so self explanatory. But for me the way i did it when i first started trying to become consistent and profitable.

I was risking two dollars a trade now you might be thinking yourself why would you why would you do that if you win you're only gonna make like six bucks that was a great way for me to detach myself from the money in a trading sense where i didn't care if i lost 20 trades in rows like that's like two lunches for me pick a really really small number that is not going to impact you in any way and then build up from there that's today's two tip. I'll see you guys on thursday for tweet tip thursday.