What is Risk
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Description
When a trader says that a trade was “risky”, what exactly does that mean? I hate to say it but in the absence of any other information it means that the trader is very novice. Risk can have a lot of meanings, and I want to review each of those as they are critically important to your trading. Maybe it’s just semantics, but saying any trade is risky is very difficult to define. The true definition of a trade being risky, is not anywhere near how most traders would define it. Without understanding all the implications of risk, you will lose money quickly. Here are the Charts to follow along: Chart 1: https://drive.google.com/file/d/1IBoEWxwtBcjGl4Tr-p4UjWubW4E9zEFP/view?usp=drive_link Chart 2:  https://drive.google.com/file/d/1N0-VnyrKAG7EYWrT4P_31m4pJV-0seom/view?usp=drive_link Set up a free coaching session with Paul: https://calendly.com/dts-paul/coaching-session-w-paul The DTS Free Stuff Page: https://disciplinedtradingstrategies.com/free-stuff/ To learn more, visit: http://disciplinedtradingstrategies.com Listen to more episodes on Mission Matters: https://missionmatters.com/author/paul-lange/
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This is actually a great topic. Yes, this is episode 54, and I’m still calling things great topics as if they should’ve been the first thing you heard. There is such tremendous misconception about the skills needed to trade/invest for yourself that it leads to two issues. Some people who try to...
Published 10/24/24
Published 10/24/24