Longer video today as I look in more detail at the major indices holding their support levels.
Plus we look at current live trades and our live results for March .
We are currently at 11% ROI, risking only 1% of capital per trade on each swing trade. We still have two live trades running one with its stop at break even.
So not doing too bad considering what’s going on.
That doesn’t include the live trades from our FDOM strategy which was also a winning month 7% winning month for many of our members. More data on the three year performance to follow .
With lots of volatility and uncertainty right now I have been posting a daily market review, normally only for our paying members, on both of our Facebook pages.
If you are regularly trading, keep doing what you normally do, and don’t get sucked in to the hype and drama, recognise the increased volatility and reduce your risk on your live trades by managing your stakes.
Sign up for free training and support at www.traderssupportclub.com or email support@traderssupportclub.com with any questions.
Trade safe and we are here to help.
Ali
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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