492: Full-Time Price Action Trader Secrets to Success - Walter Peters
Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders
Navigating Risk in Trading Strategies
This chapter explores the evolution of risk management in trading, transitioning from fixed fractional risk to a more nuanced understanding that incorporates statistical patterns in trade outcomes. It emphasizes the significance of time frames, with a focus on two specific trading strategies, the 'lighthouse' and the 'worm,' which are suited to different market conditions. The discussion highlights the importance of price action, proper stop placement, and the dangers of frequently changing strategies after losses.
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