APPLICATION OF RISK MANAGEMENT IN TRADING
May 20, 2022Risk management is critical to long term success as a day trader. Without it, you will not be able to succeed in this business.
One of the reasons 90% of day traders fail is due to the inability to manage risk. Traders think about risk on the other hand gamblers think only about profits.
Some traders would make a mental stop. We do not recommend this. Mental stops are easier to break than having a fixed stop loss that will automatically stop you out if thesis is wrong. Learn how to apply a solid risk management in trading by signing up in our Day trading unlock course.
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