We began our ‘Money Management’ series with this article.
The “Money Management” playlist on YouTube can be found here.
We continue, from our last post on this topic that you can find here.
Thusfar in our ‘money management’ series we have been discussing the importance of understanding risk. That there are different forms of risk. To never lose focus on risk mitigation, in favor of subjective ‘chart patterns’ that can change from hour to hour and the importance of position sizing as it relates to risk.
But the idea here, is to make money. So let’s start talking about the reward … the profit of trades.
(After the following video, we continue the series of ‘Money Management’ in this next entry … )