How To Determine Risks
from MIE Trading Podcast by Brendan Murphy Hosted by Brendan Murphy
In this episode, Brendan talks about how many risks you should take to make enough money in the market. Taking risks requires courage to face the fear of uncertainty. Brendan points out that risking too much could potentially blow up an entire savings account or could lose all of your money. The right amount of money to risk per trade differs from person to person. No one rule fits everyone in this kind of approach, so people need to be honest and try to put themselves in the situation as if they are losing 5%, 10%, or 20% of their money and think how much money they can tolerate. The risk per trade could be quickly determined based on the win rate of their strategy. People should be honest, trust the process and their strategy, listen to numbers, and use them to determine what risk they should put on each trade can help to determine how much risk they can take in trading. --- FOLLOW BRENDAN: IG: https://instagram.com/theachievementapex FB: https://facebook.com/theachievementapex Website: https://www.theachievementapex.com
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