In the past ten years, I’ve taught well over 300,000 traders about many different money-making strategies.
Whenever we talk about a new trading strategy, the first thing I always is “practice before you spend any real cash on a live trade.”
And the second thing I always say is “you should never risk more than 2% of your account on any one trade.”
That means that for an account with, say, $25,000, you should never risk more than $500 on any one trade.
On occasion, though, you may spot a trade that you believe in your heart can make you big money.
The only problem is… it costs more than $500.
So can you still make a profit without completely ignoring your risk management?
The answer is yes!
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