But that’s not all. Risk exposure must also be managed carefully through position sizing and limiting open positions. The risk management has to be able to carry the trader through the losing streaks and enable survival for the chance to even make it to the winning side.
Here are thirty rules that can help the new trader survive that first year in the trading the markets or take the unprofitable trader much closer to profitability. They are divided into three categories:
- TRADER PSYCHOLOGY
- RISK MANAGEMENT
- YOUR ROBUST METHOD
Trade with the right mind set.
Those rules were posted by Steve Burns from TraderPlanet.
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