Risk Management Within Trade Management - January 21, 2023

Managing your stop loss of your trades.  Displaying enough information on your charts to make proper trade decisions by not being too zoomed in.

Use ICTs twitter videos as learning examples.  Examine the other timeframes to see why he took the trades he did.  Don't just look at the single timeframe of the video.  

Take partials.  Pay the trader.  Don't let emotions control your trades.  Use partials to relieve your trade anxiety.

Can you admit when you are wrong?

Winning trades need to be managed just like losing trades.  When you feel you should close your trades to avoid greater losses.  Never open your stops.  Never.  Take partials.

Never hold onto a losing trade.  

Understand you are three people: the analyst, the trader and the gambler.  Understand them all so you can control yourself and manage your trade, win or lose.  You must have your protocols in place, written down so your emotions don't gain control.

There's more...

audio download: original, shortened