Momo Traders – Tips, Tricks, and Strategies from Ten Top Traders : [PDF Download]

Summary:

Here on this page, we have provided option to read “Momo Traders – Tips, Tricks, and Strategies from Ten Top Traders PDF” and please feel free to download PDF file for offline reading it from download link Given below to Your Computer/Mobile Storage. For more books from Same Author You can visit Miltona Publishing.

Momo Traders – Tips, Tricks, and Strategies from Ten Top Traders- Download PDF Book:

“Talk a little about risk management. How do you handle it? Improving my risk management is probably the most important thing I’ve done in the last couple years, which has led to me having the best two years I’ve ever had.

I went back and reviewed my trades from the previous five or six years and looked at the setups that produced $30K to S50K wins and the setups that produced $15K to $25K losses. I could tell the difference between them. So if it’s not one of the good setups, either A) don’t trade it, or B) cut your position size way down.

So part of risk management is knowing when to size in or not. Review your trades and figure out where you’re making money and where you’re losing money. If a particular setup doesn’t make you money, why the hell are you even trading it, let alone with size? The other side of risk management is simply cutting losses quickly.

I don’t like doing it, but like I said, I don’t have a problem taking several smaller $1K losses before finally getting it right. Keep the losses small.”

PDF Preview – Read, Think and Grow

REPORT THIS:
Our intention with this initiative is only to help needy people. If the PDF file download link is not working or this PDF Content is Copyright material and if you want to unpublish it, Please REPORT IT.