3 Steps To Becoming A Profitable Trader | Guide To Better Risk Management & Position Sizing

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4 years ago
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TIMESTAMPS: 00:00
Step 1: Laying The Foundation - 00:42
Step 2: Creating Your Edge - 10:35
Step 3: Sizing Your Positions - 26:46
Position Sizing Checklist - 31:02

If you want to become a more profitable trader & do so consistently you will need to button up your risk management and position sizing techniques. This 3 step guide will help get started on the right path to becoming a more consistent trader. It is said that 90% - 95% of traders fail. This has to do with trading psychology and risk management. New traders focus all their attention on picking the right stocks and being right all the time. Meanwhile the most successful traders only need to be right 3 out of 10 times to still make money. They cut their losers quick, and they let their winners win!

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DISCLAIMER: I am not a professional investment advisor, nor do I claim to be. All my videos are for entertainment and educational purposes only. This is not trading advice. I am wrong all the time. Everything you watch on my channel is my opinion. Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel :)

#SwingTrading #DayTrading #RiskManagement

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