Is risk management really now something to worry about when trading? Well, it’s actually one of the most important things and can even be a total game changer in your trade career. The more risk, the more your potential reward is. Risk is not a one size fits all concept, either. The point of risk management is to attain balance.
Key Takeaways:
- Fail to respect risk and position sizing and you will have a short lived trading career
- Even experienced traders should be constantly refreshing the basics
- The definition of risk is the probability of losing money or trading capital
“The fact is, without enough money or trading capital, a trader is bankrupt, and that’s an ugly word”
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