We're going to go over three GOLDEN risk management rules that all traders should know. These rules will help you stay profitable and make sure you don't make any costly mistakes.
In trading, making money is easy. Keeping the money is the hard part. Choose not to follow these three rules at your own risk!
In trading, making money is easy. Keeping the money is the hard part. Choose not to follow these three rules at your own risk!
The most difficult part in trading is not necessarily making money, but keeping your profit. So that's the reason. you should really have a list of rules that you follow and to stay disciplined. Track all of your trades in your trading journal and truly understand how much money you should be risking for your account size.
I Also have another rule called the 30 rule meaning that if I find that I'm giving back around 30 percent of my profits on the day then I stop trading. This is to prevent myself from over trading and outstanding my welcome and revenge trading try to make every single penny back. If this risk management video helped you out, make sure to let me know in the comment section below.
Volume is too low.
Tx
Hi Humbled Trader you're really helping me out on trading journey 😀
You are the best treda's and interegent
Yes.
What is the maximum amount that you should give back in a given day? I’ll be your total account size.
this won't work
prove it with this simple realistic exercise
go long on GOOG go short on GOOGL
one will be in profit one will be losing
see how taking your profits on the winner works out.
50 percent of the time you will take those profits too soon and your loser will keep going
then try the opposite. try cutting your loss on the loser and keep the winner going. 50 percent of the time the winner will reverse on you leaving you at a net loss.
all of this is snake oil. technical analysis is scientifically proven to be complete BS
Thanks for all your advices!!
Would be nice if you can do a short or video of how to do a proper trading journal to efficiently track your trades.
Thanks, Shay! This is helpful. I appreciate you
yeap
a lil more volume next time. Thanks for all your videos 🍻
Yeah im having that problem shay,,fooking sucks!!!!