Risk management is the most crucial discipline that separates successful traders from the "famine and then feast trader" (FFT) who eventually blows up their account.
Without a good trade and risk plan diligently followed, the trader is destined to fail – don't become a failure statistic – take control of your trade, your life and your bank.
What a great guide. Great systems approach that I now use. It seems practical and obvious, yet I never thought of this approach. Another guide for my trading, thank you, HDT.
Found by accident. A must-read for anyone who trades....just need to try and follow now! Harder than said, but it just all makes common sense.