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HOW TO MANAGE RISK WHEN TRADING || HOW TO INCREASE YOUR RISK REWARD RATIO

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HOW TO MANAGE RISK WHEN TRADING-

➡️ Moving SL to BE point. This helps in removing unnecessary emotions.

➡️ Take off some partials

➡️ You can consider hedging

➡️ Risk not more than 2% of your trade Losses are part of the game just like I mentioned. Any trader not willing to take losses should pack his belongings and look for an alternative job. Do not take losses personally.

 

HOW TO INCREASE YOUR RISK REWARD RATIO-

➡️ Improve on your entries

➡️ Reducing SL

➡️ Journal your trades

➡️ Study the winning trades that worked perfectly

➡️ Let your winner run and cut losses quick

➡️ Improve on your exit strategy

 

IMPORTANCE OF HAVING A GOOD RISK MANAGEMENT-

➡️ It enables you as a Trader to be in control of your emotions as you have already pre-determined the amount you are exposing to risk.

➡️It permits you to trade in a smart way and give you the flexibility as a trader to choose how much you want to risk per trade in a way that will allow you to maximize your profits and minimize your losses.

➡️ It gives you a greater chance to survive in the Trading business. 

➡️ Not following any Money Management rules has the potential to break your trading career.

 

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