Strict money management and risk control is essential to achieve long-term success in the financial markets. The information I am going to give to you in this episode is the most important information you will ever receive in your trading career about money management.
If you only take away one thing from listening to this episode, I would tell you it should be that to study money management and risk management first will be the most important thing you have ever done for yourself as an investor and trader.
Money management in the live market is what it is all about not trading. You don’t actually make money by trading you make money by being in the market in your position.
Manage your risk capital with a good risk management profile, and you will be in the markets for as long as you want to be in them, any other scenario is not acceptable.
The only thing you have control over once you are in the live market is how much money you don’t lose. Remember: if you don’t have any money left you can’t be in the market.
Please share my podcast and links with all your social media contacts and friends who are just beginning their journey into the business of making money with money, and let your beginner trader friends know about Beginner Trading 101 with J.R. Calcaterra Podcast they will love you for saving them a lot of time, stress and money.
You can also find J.R. Calcaterra at his main blog, https://stocktradingblogger.com/.
Answering questions for brand new raw beginner traders at, https://www.quora.com/profile/J-R-Calcaterra.
In his Quora space at, https://www.quora.com/q/stocktradingblogger.
Teaching athttps://stocktradingbloggersbeginnertraderacademy.thinkific.com.
And also his forum, https://stocktradingblogger.com/index.php/community/
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