In this video Ali looks at the current position of main indices, the next upcoming Brexit vote and the importance of testing how and what you trade.
P.S. When you are ready here are two ways I can help you upgrade your trading results!
1- Book a Free Trader Strategy Call with one the TSC Trading Team. Not a salesman but an actual trader who will help you level up your current trading results and objectives. Then work on an executable and profitable plan for you to create consistent results. Book your no obligation call here – https://meetme.so/TraderConsultation
2. Book a place on our next Free Trader Training & Social Day where myself and my team will share some of our key learnings, hacks and techniques that have taken our students from scratch breakeven to consistently profitable.Book for free here – https://tscmember.co.uk/event-3152362
Alright… Not one of the most exciting subjects we have ever covered, but definitely one of the MOST important.
Risk management is something so many traders “think” they have locked down, but actually what they are doing is taking themselves down a road of no return.
Both for them and their account balance.
And what’s worse…
There is a group that simply overlooks risk altogether, or takes some one-time advice that is usually completely inappropriate for them and the way they trade!
So how do you make sure you not only know what to do when it comes to risk management, but you ACTUALLY do it?
First Off…Know Your Numbers
Yes, it’s a small bit of maths, but knowing the simple multiples can save your account balance!
Let’s say you are risking 10% of your cash pot per trade.
But that only requires a 5 trade-losing run to be the best part of 50% down overall.
Oh well, I still have half my money.
Hang on!
You now need a 100% return on that balance JUST to get back to where you were 5 short trades ago.
Let that sink in for a second…
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