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740 - Money Management Strategies

The Trading Coach Podcast

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Are You a Newer Trader?

Akil: It's surprising how few traders understand what a 1% risk is in terms of pit values or position size. As you get better as a trader, you start eliminating those mistakes, then you can up your risk and go from there. Akil: I'm definitely in favor of always trading small, but definitely starting small and then, you know, going yourself up from there. He says the older he gets, the more riskier assets he goes into.

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