Risk management, where to start?

[ironchef]

I got a solid tip you might not read in a book. No matter how much money you have...be sure your first account is no more $10k...$5k might be even better.

Starting out completely green never having any exposure to financial markets with zero guidance, a $100k account, and big dreams was probably my worst mistake.

1. Best advice from someone who's been there done that.

2. Instead of books, read some of the old threads, there are a lot of very valuable comments in those old thread.

3. My advice if you day trade is to learn how to take losses. I am an amateur retail just like you, have been practicing paper day trading (real time sim) for over a year now and still not ready to go live.