5) Day Trading Risk Management for consistency

Risk managment in day trading is the most important element to keep your account healthy, almost all traders are aware of how important is managing risk yet very few understand and follow solid risk managment nature and strategies.

Risk is like an energy, it can shock you, it can burn you but without it you can‘t get anything done, in trading if prices doesn‘t move then there won‘t be any benefits for traders speaking of risk and reward.

On the other hand it‘s something we have to respect, cause it can end your trading career very quickly and it‘s the main reason why most of people fail in trading, not the trading strategy by itself as some traders think, so risk managment in day trading is about learning how lose money in order to gain the up side and maintain healthy business.

This is why we have to plan our approach in trading where risk managment takes place, so in this course I'll cover Risk managment nature, strategies to help grow your trading account, types of risk, planning your loss limits, thinking in probabilities, developing your risk plan, Profit managment, how to size your trades and dynamic risk managment to effectively manage risk and reward.

This course doesn't involve Technical analysis methods, however you can apply the knowledge in this course to any technical analysis strategy.