Managing risk - key component in trading
Trading is a game of managing risk better than the next trader. A key component of managing risk is knowing exactly what price levels would invalidate your trade set up so that you’re not holding onto a much larger loss than you anticipated when you entered the trade. Focus on improving your ability to recognize price patterns and knowing exactly where to exit your trade and you will improve your confidence and possibly your overall results.
Trading is a game of managing risk better than the next trader. A key component of managing risk is knowing exactly what price levels would invalidate your trade set up so that you’re not holding onto a much larger loss than you anticipated when you entered the trade. Focus on improving your ability to recognize price patterns and knowing exactly where to exit your trade and you will improve your confidence and possibly your overall results.
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