Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders 431: RISK MANAGEMENT For Trading - Michael Toma
Dec 4, 2023
Michael Toma discusses risk management for trading, emphasizing assessing risk based on a series of trades rather than individual ones. The importance of journaling and optimization techniques like back testing and forward testing in improving trading efficiency is highlighted. Managing risks and evaluating strategy tools are also discussed, along with the significance of consistency and math-driven decision-making. Various approaches to effectively manage risk in trading are explored, along with upcoming videos and recommended backtesting software.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 4min
Importance of Risk Management in Trading
04:22 • 4min
Managing Risks and Evaluating Strategy Tools in Trading
08:44 • 2min
The Importance of Risk Management and Consistency in Trading
10:18 • 5min
Emphasizing the Importance of Risk Management in Trading
14:54 • 2min