Risk management for traders
In our last Boot Camp of the series Simon Brown will be focusing on risk management for traders = the stop loss.
Without proper risk management a trader goes bust sooner or later and likely it will be sooner. Now make no mistake the stop loss can be very testing for the trader often times seemingly kicking one out just as the trade goes your way. This will happen but we need t be smart about placement, type and most importantly we need to obey the stop loss every time it is hit. Every time.
This presentation covers;
- Stop loss (where, how, why)
- Position sizing
- The 2% risk rule
- The 6% portfolio rule
- Managing fear
- Trailing vs. fixed stop loss
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