
005: Steve Burns – What Separates New Traders From Rich Traders—and How to Cross the Divide
Chat With Traders
00:00
How Do You Manage a Stop Loss?
Ka: How do you typically manage that trade as far as placing stops? A dive, profit targets, amon ing this just the closdi edd hedd typically managed. I saya the s and p 500 broke over the 200 day moving average. Once i purchased, i'll have a stop. Tried once. Lost. But whoever my stop is, i'll initially, i'll attempt to never lose more than one % of my trading capital.
Transcript
Play full episode