SET YOUR STOP LOSS OOR READY TO FINISH YOUR ACCOUNT.
so what's a stop loss what is
it what are the goods what are the Bad's of staff losses well I just want to
start off by just talking about in the stock market everybody wants to make
money right it's awesome you get in you want to buy stocks you buy options the
whole point of getting in is you want to make money right well one of the most
important things that people don't realize is that managing risk is more
important than just making money in the stock market see if you don't know how
to manage risk you're not gonna be able to really and truly make good money in
the stock market so what does managing risk mean exactly well stock traders the
best in the world they don't make winning trades 100% of the time that's
literally impossible because the stock market goes up and down all the time
every single day every minute of the day so it's impossible for even the best
in the world to make 100 percent winning trades actually in fact some of the
best in the world really only make winning trades 65 to 75 percent of the time
so how do they make money exactly well they become masters at managing risk so
not only are they having setting a goal of what they're looking to make whether
it's short term long term daily but they're also protecting their losses so
when they get into an investment they basically say to themselves they're willing
to lose a certain amount and if it's past a certain amount or below a certain
amount they will not risk any more so for instance if somebody gets into a
$10,000 investment they ask themselves what are they willing to lose on that
investment its but the majority of traders that are out there get in and
they're want to buy a stock and say I want to make money and they never think
about how much they could potentially lose and how to protect their investment
and their money when they get in see that's the biggest key it's not about what
you're gaining it's about what you're heck ting and protecting your wealth is
absolutely critical no matter how much money you have so for instance here I'm
using my demo thinkorswim account with TD Ameritrade and I just have like a
live stock chart up here for you so you can kind of see it here I'm not playing
but stop loss is very important for all type of traders it’s no matter that you
are a long term trader of short term trader market trend is not important but
stop loss is too much important to manage your risk per trade if you trade without
stop loss soon you lose your all type of capital in this risky market
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