Are you struggling to manage risk in your part-time trading?
Discover how Michael Marcus turned $30,000 into $80 million with these 6 simple risk management lessons:
The Boring Side of Fortune
Dull decisions lead to extraordinary results
- Calculate potential losses before every trade
- Set clear loss thresholds beforehand
- Consider market data and personal tolerance
Protect your cash to stay in the game
Wealth preservation: the unsung hero
Your first job is keeping what you’ve got
- Trade cautiously in uncertain markets
- Maintain ample cash for surprises
- Prioritize safety over chasing returns
Don’t gamble away your trading career. Play it safe
The Math Behind Smart Bets
Good trades justify their risks with potential gains
- Analyze risk-reward for every trade
- Only take trades with favorable ratios
- Use past performance to guide decisions
If the math doesn’t add up, walk away
Don’t Put All Eggs in One Basket
Spread your bets to protect against surprises
- Trade across different markets
- Mix up your asset classes
- Avoid overloading on related investments
Diversification: your portfolio’s best friend in uncertain times
Know When to Fold ‘Em
Cut losses quickly to preserve your capital
- Use strict stop-loss orders
- Adjust stops as volatility changes
- Regularly review your stop-loss strategy
Sometimes the bravest move is walking away
Keep Your Trading House in Order
Regular checkups keep your strategy on track
- Review your portfolio frequently
- Ensure exposure aligns with risk plan
- Adjust to minimize risk, maximize opportunity
Your strategy’s health determines your trading success
To learn more about How you can Start Trading for a living, sign up below for my Free Training on the “7-Steps to Financial Freedom through Trading”.
