August 16, 2015

It does not matter whom you follow as long as ...

It does not matter whom you follow as long as you learn to manage the risk in your trade.

Follow anyone.... any analyst, any TV call or call from any forum... it does not matter. Just control the risk.

If you cannot control the risk part of a trade, chances are you will be out of business very soon.

It is not a coincidence that the most successful traders are also excellent at managing risks.

So whatever you do, make sure you do not risk more than 1 or 2% of your capital on any trade.

This process also sets you up emotionally for a loss so if it comes you are not in pain and know that you have take the hit. Since you are losing only 1% of your capital, booking a loss becomes far more easy.

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