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10 Steps to Profitable Trading in 2024 | Ryan Pierpont

The TraderLion Podcast

CHAPTER

Importance of Risk Management in Trading

This chapter discusses the significance of risk management in trading and highlights the need to start with a smaller amount of money to avoid being discouraged by mistakes. It emphasizes the importance of avoiding large losses and having good risk management parameters. The chapter also touches on the value of patience, staying alive in the market, and the role of stop losses in risk management.

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