3 Steps To Becoming A Profitable Trader | Guide To Better Risk Management & Position Sizing
ACCESS MY TRADE IDEAS & SUPPORT THE CHANNEL:
â—‹ https://www.patreon.com/figuringoutmoney
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!
MY FAVORITES - https://amz.run/3JLv
â—‹ Book Recommendations
â—‹ My Studio Setup
â—‹ Morning Coffee
COME SAY HI:
Twitter: https://twitter.com/mikepsilva
Instagram: Https://Instagram.com/MichaelPaulSilva
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
-
23:55
Figuring Out Money
7 months agoWeird Things Are Happening Right Now
22 -
18:28
Brad Polumbo
1 day ago $0.03 earnedWoke TikTok sinks to (violent) new low!
5.3K25 -
1:21:03
MTNTOUGH Fitness Lab
14 hours agoDr. Jason Selk: Game-Changing Mindset Adjustments
6.23K1 -
6:45
Dr. Nick Zyrowski
1 day ago7 Unusual Signs That You Have Diabetes + Insulin Resistance
7.36K -
9:05
DEADBUGsays
18 hours agoThe Murder Of Melissa Ann Tremblay|Solved#17
8.17K3 -
7:48
Guns & Gadgets 2nd Amendment News
14 hours agoWhite House Releases Blatant Lies About Newest Anti-Gun Law
7.88K15 -
31:06
Degenerate Jay
1 day ago $0.04 earnedIs This Movie A Hidden Gem? 007 The World Is Not Enough - Movie Review
9.35K6 -
4:08
Bear Creek Arsenal
15 hours agoWhat Is 223 Wylde? (Is It Worth It? )
7.8K -
1:02:02
Man in America
20 hours agoThe Truth is in the COVER-UP | Trump Assassination Plot Analysis (Part 3)
31.9K78 -
4:21:13
Alex Zedra
10 hours agoLIVE! Scary Games Tonight
52.3K24