The growth and development journey of a trader is very much like that of a bamboo tree.
The motivational video - Bamboo Tree
If you only risk 1% loss of your trading capital on every trade your odds of ruin are almost 0%.
Trading price action is only the first part of a good trade; without risk management and discipline no trade is a good trade.
"Actually, there is no secret. It’s all in the maths." - Nick Radge
The best traders are able to manage the risk and losses as a market fluctuates from trend to range bound and from volatile to slow moving.
Only thing that matters is you and your trading plan.
Make a plan. Execute the plan. Stick to the plan.
If plan doesn't work: admit & learn from mistake then make new & improved plan.
The motivational video - Bamboo Tree
If you only risk 1% loss of your trading capital on every trade your odds of ruin are almost 0%.
Trading price action is only the first part of a good trade; without risk management and discipline no trade is a good trade.
"Actually, there is no secret. It’s all in the maths." - Nick Radge
The best traders are able to manage the risk and losses as a market fluctuates from trend to range bound and from volatile to slow moving.
Only thing that matters is you and your trading plan.
Make a plan. Execute the plan. Stick to the plan.
If plan doesn't work: admit & learn from mistake then make new & improved plan.
No comments:
Post a Comment