The Wealth Whales Day Trading Podcast

Back Pocket Knowledge - Before You Learn How To Win... You Must Learn How To Lose! Setting A Max Loss


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Most traders put all their effort into trying to learn how to win. They research lagging indicators, they research patterns, they research supply and demand, and these things don't work. They have no plan in place, for if and when they take a loss. They become shell shocked or frozen in the trade. Has that ever happened to you? In This back pocket knowledge, we discuss what a max loss is, how to develop a plan for max loss, and how to use it to execute better trades to come out of the green.  Listen carefully and enjoy

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The Wealth Whales Day Trading PodcastBy The Wealth Whales