Day Trading Risk Management RSS

Day Trading Risk Management -

I wish someone had told me when I first started trading stocks that risk management is one of the most important skills you need to be a successful trader. I always use 2 to 1 odds, meaning every time I risk $1 I'm looking to make $2 or more dollars back. When you day trade with 2 to 1 odds, the odds are always in your favor. You have 50% odds when you place a trade. The stock can only go up or down. Just like flipping a coin you have 50% odds. If you take a coin and flip...

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