Risk and Money Management for Day Trading
Senior market analyst Brett Manning (ChartTrader - CHART) quickly covers the most important concepts for effectively managing risk and exposure as a short-term trader, including:
- How to gauge size for a trading setup as a function of stop placement.
- How to define the concept of a setup in terms of risk and a ratio to potential gains.
- Why cutting losses and letting profits run is instinctively difficult, but crucial.
- Why you must understand the time frame of your trading setup and adjust risk and size accordingly.
Watch the video now and implement techniques to help you effectively manage your day trading risk.
