Risk Management | 020

Aloha! We are Glenn & Reid, founders of Hawai'i Trading Academy.

Everyday we take risks. As traders, managing our risk is more important than learning how to get into the trade.

In fact, entering the market is the easiest thing to do as traders, yet most traders focus too much on when to enter while lacking focus on how to manage the trade or exit properly at a maximum profit.

Key takeaway from this episode:

• Before entering the trade, know how much I am risking.
• When can I adjust my stop los to reduce exposure?
• How can I maximize profits while reducing risk?
• Manage risk appropriately.
• Don’t risk more when you are already down.
• Avoid Revenge Trading.

Our mission: Cultivate & sustain profitable traders.

Our ethos: ...