How To NOT Blow Up a Trading Account! ⚠️(Pro Advice)

Trading journeys come in all different shapes and sizes, everyone has their own version of how they started. One detail that many traders typically share in common is being proud owner of at least 1 account that has been blown up at one point along the way. No matter the reason blowing up an account must be a humbling experience for any trader looking to bounce back after the fact, in this video the TraderTV Live crew discuss multiple different ways new traders can avoid this sometimes devastating experience!
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Having a plan is crucial for being a successful trader. When first starting out new traders typically put most of their time, effort and focus into making money right out of the gate rather than building crucial fundamental skills that will stay with them for their entire career. A new trader should never take strategies to the live market with real money with out back testing them first! Even if you are getting the idea and strategy from a proven and reliable source you must be comfortable with the trade you are putting on! The only way for an individual to gain confidence and have success in the markets is through their own experience, never take someone else's trade.
⏳ Outline:
0:00 - Introduction
0:42 - You must identify and then learn from your mistakes
3:20 - Put your greatest risk into your best trades
6:50 - Being underfunded can stop your trading before it even starts
7:40 - Understand how much of your daily risk you are willing to put into each of your trades
10:40 - Control your risk first, worry about profits second
12:10 - Summary
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Видео How To NOT Blow Up a Trading Account! ⚠️(Pro Advice) канала Market Wisdom by TraderTV Live