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  • 1 Basics About Risk and Money Management+G - P@FB - Tradeceity

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    Evelyn Seetha
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    This document provides a summary of key concepts for managing risk and money when trading, including maintaining a minimum reward-to-risk ratio of 2:1, never risking more than 1% of your account per trade, accepting that losses are inevitable, and that variance means outcomes of single trades cannot be controlled but sticking to rules will benefit over the long term. It also recommends getting the #1 trading journal from Tradeciety which can be purchased with a $30 discount.

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    1 Basics About Risk And Money Management+G_P@FB - Tradeceity

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    This document provides a summary of key concepts for managing risk and money when trading, including maintaining a minimum reward-to-risk ratio of 2:1, never risking more than 1% of your account per trade, accepting that losses are inevitable, and that variance means outcomes of single trades cannot be controlled but sticking to rules will benefit over the long term. It also recommends getting the #1 trading journal from Tradeciety which can be purchased with a $30 discount.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    28 views1 page

    1 Basics About Risk and Money Management+G - P@FB - Tradeceity

    Uploaded by

    Evelyn Seetha
    This document provides a summary of key concepts for managing risk and money when trading, including maintaining a minimum reward-to-risk ratio of 2:1, never risking more than 1% of your account per trade, accepting that losses are inevitable, and that variance means outcomes of single trades cannot be controlled but sticking to rules will benefit over the long term. It also recommends getting the #1 trading journal from Tradeciety which can be purchased with a $30 discount.

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    © All Rights Reserved
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    of 1

    Basics About Risk And Money Management

    Risk and money management are the final piece to complete your initial round through this
    course. We have prepared a few lessons for you with the most important concepts that you will
    need to understand in order to manage your risk and money effectively. Keep in mind that
    most points are suggestions and how you apply the principles depends on your personal risk
    tolerance.

    We highly recommend that you get a trading journal and we on Tradeciety have developed the
    #1 trading journal available in the market. It has been modeled after own journals initially and
    we keep improving it over time. Use the discount code Tradeciety to get $30 off.
    Check out the Edgework trading journal

    Let’s recap:
    ▪ Your minimum required Reward:Risk ratio should be 2:1. Never go lower on an initial trade entry and
    always try to aim higher
    ▪ Never risk more than 1% of your account per trade. Especially in the beginning
    ▪ Don’t worry too much about individual trades. Accept losses when they come – I mentioned it
    throughout the course often that losses can’t be avoided
    ▪ Variance means that you can’t control the outcome of single trades but over the long-term your edge
    will play out if you stick to the rules

    www.Bestblackhatforum.com Thanks to mr.Sir for share and skillerm for uploading.

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