The most difficult part of trading isn't making money but keeping it. In this short video, I share my top 3 risk management rules plus a bonus rule of everything I do to manage my risk and stay profitable 💰
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.
My rule 1: Listen and follow humble reader's rules…
And this is actually useful and needs a reminder now and then
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Thank you. I need to keep hearing this.
When you say stop trading on the 30% rule, do you mean you close your position? Or just shut the computer and call it a day?
True words!
100%
Level volume is low
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