What am I supposed to do now?
- Thread starter traderguy02
- Start date
Risk management involves identifying the risk with your trades and then taking steps to quantify and accept them to trade or not accept them by not trading. Risk management includes using stops, sizing trades appropriately (ties into money management), moving stops with your position, corporate structure for liability mitigation, etc
Money management is the process of managing your account (determining how much of your account to risk per trade), determining what you want to trade, determining how much money to keep in your account or at your clearing firm/broker, determining when to sweep your accounts, determining when to increase your trading size/margin deposit, so on and so forth.
Let me know if it is still not clear.
Good luck, Babak.
I know one thing for certain. Asking for help from dea, the man in the sky never got anybody anywhere. Actions in life are at free-will either you do good or you fock it up. You're the only fighter, nobody else really wants to fight for you; sadly enough as much as we'd all like to think we're special.
I'm not gonna make this a big jesus thumping thread here. But one thing is for certain. Life is too complex (and realistically horrific for many) for any one religion to dominate or declare itself better than the other, all the more reason to question them all. Eternity is a world of its own, you fight that battle when you get there. If it is "there" anyways?
Quote from martys:murray t turtle
So far it's good to have a job for the food and health insurance.
Trading (short term intraday) in the morning works out too without the added pressure.
I am quite happy with the arrangement (although very tired). New equity high today!
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Hi martys;congrats on you new equity high.
Strange how many of the big moves happen in mourning anyway ;
some trends start early afternoon , not many.
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Excellant idea asking God like elites said, especially if one likes the scientific approach;
Albert Einstein said science without religion is lame.
Hope this helps.
I agree with you. They are all intertwined and depend on each other.