#TRADINGTIPS
Rule #1 in #trading : Risk Management
"Every moment in the market is unique " & no one knows what is going to happen next
I Pre define the amount of $ I’m willing to LOSE
This amount is set FOR ALL TRADES i take
Ex. : I am willing to lose 100$ on every trade i take so i will enter a trade with the AMOUNT of #shares that fits to this risk
Example : $AMZN can be 100 shares , $AMC can be 500 shares
**2/4**
SL Price / Entry Price=SL Percentage ->
100/SL Percentage -> gives you the amount in $ -> Amount in $/Entry price = numbers of shares i buy
Did you ever wonder what is the difference between winners and losers in the long term? Like most people you probably think the answer is education. Then, you read a few more books, some articles and thought that was it. Now you’re the man. Well… guess what? It’s not that
1. Never get emotionally attached
“get to know your instrument”, understand how it reacts to news, which are the technical indicators that work
However,this may lead to some sort of feeling of connection and emotional attachment
That is a bad thing