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TRADING #101 COURSE – PART THREE: SETTING UP YOUR BUSINESS – WWW.TRADERSCOACH.COM
trades for a living and watches the movie once a year to be reminded to use risk control.
You probably don’t need to go that far (once is no doubt enough), but it does drive the
point home.
Insurmountable Large Losses Usually Start as
Small Losses
Remember, all large, insurmountable losses start out as small losses. It is that snowball
effect that you’ve got to watch out for, since the momentum is difficult to harness and
control.
Don’t become a rogue trader.
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