Trading Wisdom

Risk Management 

Stringent risk management parameters are in place to keep your trading edge profitable and keep you fighting another day; small risk-per-trade, overall account management, sticking to stop losses, and so on are part of your trading wisdom. 

Risk management is a sure-fire way to significantly reduce the stress that trading can cause, allowing for more objective decision-making.

Trade too small than too big

It is best to find a happy medium in which your trading size is large enough to allow you to make substantial profits and keep you engaged in the trading process, but not so large that it interferes with your ability to maintain objectivity and discipline, and, of course, puts you at risk of a catastrophic loss. Remember that everyone has a different risk tolerance – trade with the risk that you are comfortable with.

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