Trading Mindset Mastery: Risk Management
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Trading Mindset Mastery: Risk Management
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About this listen
This podcast episode, "Risk Management: The Only Trading Rule You Can't Break," from Trading Mindset Mastery, emphasizes the critical importance of risk management in trading. It details key principles such as the 1% rule, setting stop losses, and maintaining a favorable risk-reward ratio. The episode stresses the psychological aspects of risk management, highlighting the need for discipline over fear and greed. Practical advice includes using a day trading simulator, like simul8or.com, to practice risk management strategies before trading with real money. Ultimately, the podcast advocates for risk management as the cornerstone of successful and sustainable trading.
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