New Trader 101: The Fastest Way to Grow Wealth in the Stock Market by Steve Burns & Holly Burns

Author:Steve Burns & Holly Burns [Burns, Steve]
Language: eng
Format: mobi
Publisher: Stolly Media, LLC.
Published: 2015-04-28T23:00:00+00:00

What we learned

The 1% rule is one of the most misunderstood rules in trading, and leads to confusion for many new traders. To the uninitiated, this rule may seem too conservative. However, by limiting your losses to only 1% on any one trade, you preserve your trading capital, and even after a losing streak, you will live to trade again.

Articles:

5 Quick Tips for Risk Management

10 Reasons Risk Management is Essential

Risk Management in 1 Lesson

Recommended Reading:

The New Market Wizards

Chapter 8: The Risk of Ruin

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