September 04, 2024

How To Trade Like a PROFESSIONAL with Proper RISK MANAGEMENT [Grow Your Account]

34 minutes

It’s time!! Let’s talk RISK MANAGEMENT with the Market Mamas! In this episode, Day Traders Becky & Kendra will cover core risk management terms and techniques, as well as tackle the heart of the risk management challenges. And that is truly embracing, trusting, and exhibiting strong risk management in real time trading. Understanding technically how to place and what makes an appropriate stop loss for different market conditions is critical and will improve over time and with experience with your instrument of choice. But every trade and every session, respecting yourself and your trading business enough to consistently follow your risk management - that is the pivotal obstacle to consistency in your outcomes. They also discuss the psychological aspect of risk management, including the importance of journaling, taking breaks, and maintaining a healthy outlook. The episode concludes with the reminder to focus on the bigger picture and to view losses as opportunities for growth. This is a can’t miss Market Mamas episode!

The following Market Mama's real trader interviews are mentioned in this episode:

Embrace The Learning Process to Become a Successful Trader in 2024 [Do These Things & WIN]

https://youtu.be/7xSVs1XJPSo

PROFITABLE Day Trading Mentor Interview | Learn how to be SUCCESSFUL in the Stock Market (2024)

https://youtu.be/I6hO9hrRxQM

DAY TRADER PHIL SHARES HIS MARKET WISDOM AND EXPERIENCE WITH US 2024

https://youtu.be/YycVTS-Ni1o

Long Game MINDSET | How to think like a PROFITABLE trader (2024)

https://youtu.be/yqpF2eWkRFk

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